[SOLVED] Managerial Decision
JIM realizes the importance of being a good corporate citizen and makes generous contributions to worldwide charitable organizations. For the current year, JIM wants to contribute $1,500,000 to various charities. Based on prior year’s tax laws, if JIM’s taxable income before charitable contributions is $11,500,000 in the current year.Calculate the charitable contribution allowance for the current year.Provide a recommendation to JIM management regarding the tax implications of this contribution.In your own words, please post a response to the Discussion Board, and comment on other postings. You will be graded on the quality of your postings.For assistance with your assignment, please use your text, Web resources, and all course materials.
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