In 2015 webtel corporation donated 50000 to a qualifying


In 2015, Webtel Corporation donated $50,000 to a qualifying charity. For the year, it reported taxable income of $310,000, which included the following: the $50,000 charitable contribution (before limitation), a $100,000 dividends received deduction, and a $20,000 net operating loss carryover. What is Webtel Corp.'s charitable contribution deduction?

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Financial Accounting: In 2015 webtel corporation donated 50000 to a qualifying
Reference No:- TGS01599393

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