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In 2020 Webtel Corporation donated $56,500 to a qualifying charity. For the year, it reported taxable income of $375,000, which included the following: the $56,500 charitable contribution (before limitation), a $113,000 dividends received deduction, and a $21,300 net operating loss carryover. What is Webtel Corporations charitable contribution deduction
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In 2020 Webtel Corporation donated $56,500 to a qualifying charity. For the year, it reported taxabl...
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