Determine kingbird charitable contribution deduction


During the current year, Kingbird Corporation (a calendar year C corporation) had the following income and expenses: Income from operations $135,000 Expenses from operations 99,000 Dividends received (40% ownership) 9,000 Domestic production activities deduction 2,700 On October 1, Kingbird Corporation made a contribution to a qualified charitable organization of $6,300 in cash (not included in any of the above items). Determine Kingbird's charitable contribution deduction for the current year.

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Business Management: Determine kingbird charitable contribution deduction
Reference No:- TGS084059

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