In 2018, Gray Corporation, a calendar year C corporation, has a $75,000 charitable contribution carryover from a gift made in 2013. Gray is contemplating a gift of land to a qualified charity in either 2018 or 2019. Gray purchased the land as an investment five years ago for $100,000 (current fair market value is $250,000). Before considering any charitable deduction, Gray projects taxable income of $1,000,000 for 2018 and $1,200,000 for 2019. Should Gray make the gift of the land to charity in 2018 or in 2019?
If an amount is zero, enter "0".
a. If Gray makes the gift of the land to charity in 2018:
The amount of the deduction would be $ and the corporation is able to use $ of the $75,000 carryover. Therefore, Gray has a $ carryover to 2019, of which $ would be used in 2019, leaving
$ to be carried over to 2020.
b. If Gray waits and makes the gift of the land to charity in 2019:
The corporation would have $ carryover from 2013 and $ carryover from 2018. In 2019, the amount of the deduction would be $ and the excess of $ would carryover to 2020.
c. Therefore, Gray should make the gift of the land to charity in .

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Journalize the following transactions that occurred in september 2015 for aquamarines. no explanations are needed. identify each accounts payable and accounts receivable with the vendor or customer name. sep. 3 purchased merchandise inventory on account from shallin wholesalers, $5,000. terms 1/15, n/eom, fob shipping point. 4 paid freight bill of $80 on september 3 purchase. 4 purchased merchandise inventory for cash of $1,700. 6 returned $500 of inventory from september 3 purchase. 8 sold merchandise inventory to hermosa company, $6,000, on account. terms 2/15, n/35. cost of goods, $2,640. 9 purchased merchandise inventory on account from thomas wholesalers, $8,000. terms 2/10, n/30, fob destination. 10 made payment to shallin wholesalers for goods purchased on september 3, less return and discount. 12 received payment from hermosa company, less discount. 13 after negotiations, received a $200 allowance from thomas wholesalers. 15 sold merchandise inventory to jordan company, $2,500, on account. terms 1/10, n/eom. cost of goods, $1,050. 22 made payment, less allowance, to thomas wholesalers for goods purchased on september 9. 23 jordan company returned $400 of the merchandise sold on september 15. cost of goods, $160. 25 sold merchandise inventory to smithsons for $1,100 on account that cost $400. terms of 2/10, n/30 were offered, fob shipping point. as a courtesy to smithsons, $75 of freight was added to the invoice for which cash was paid by aquamarines. 26 after negotiations, granted a $100 allowance to smithsons for merchandise purchased on september 25. 29 received payment from smithsons, less allowance and discount. 30 received payment from jordan company, less return.

Emerson has an associate degree based on the chart below how will his employment opportunities change from 2008 to 2018