600 word memo; not including the title page and references word count
Jefferson Industrial Machines (JIM) realizes the importance of being a and to . 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 the tax implications of this contribution.
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