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In year 6, Garland Corp. contributed $40,000 to a qualified charitable organization. Garland's year 6 taxable income before the deduction for charitable contributions was $410,000. Included in that amount is a $20,000 dividends received deduction. Garland also had carryover contributions of $5,000 from the prior year. In year 6, what amount can Garland deduct as charitable contributions
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In year 6, Garland Corp. contributed $40,000 to a qualified charitable organization. Garland's year...
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