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Business, 19.10.2020 05:01 connerwoodle8941

Remsco has taxable income of $80,000 and a charitable contribution limit modified taxable income of $82,000. Its charitable contributions for the year were $8,300. What is Remsco's current-year charitable contribution deduction and contribution carryover? Multiple Choice

$8,300 current-year deduction; $0 carryover.

$8,000 current-year deduction; $300 carryover.

$8,200 current-year deduction; $100 carryover.

$200 current-year deduction; $8100 carryover.

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