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Alpha Corporation's adjusted taxable income is $100,000 for 2015 and $200,000 for 2016. Alpha makes...

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Question

Accounting

Alpha Corporation's adjusted taxable income is $100,000 for 2015 and $200,000 for 2016. Alpha makes charitable contributions of $15,000 in 2015 and $19,000 in 2016. How much can Alpha carry forward for its charitable contributions in computing its 2017 taxable income?

a.

$9,000
b.

$5,000
c.

$4,000
d.

$1,000

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