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QUESTION

$18,300. $17,895. Rhino, Inc., a calendar year C corporation, had the following income and expenses in 2007:

B. $18,300. A. $17,895. 22. Rhino, Inc., a calendar year C corporation, had the following income and expenses in 2007: Income from operations Expenses from operations Dividends received (less than 20% ownership) Capital loss carryback Charitable contribution How much is Rhinos charitable contribution deduction for 2007? A. $17,895. B. $18,300. C. $18,945. D. $19,350. E. None of the above.

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