Hello, I need help solving this accounting problem. 6 eCampus: HomeDiscussion6 ConnectA ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmhep...I Appsf Facebook* BookmarksMovieTube | Watc...V Virtual Job ScoutThe 3-Bet | How T..P #01 The Strongest...O Genius Types – Bu.Top 10 Business P.A Other Bookmarks>>Wk 3 - Apply: Application Assignment [due Day 7] 6SavedHelpSave & ExitSubmit11Remsco has taxable income of $67,000 and a charitable contribution limit modified taxable income of $75,500. Its charitable contributions for the yearwere $7,780. What is Remsco's current-year charitable contribution deduction and contribution carryover?Multiple Choice$6,700 current-year deduction; $1,080 carryover.$7,780 current-year deduction; $0 carryover.$850 current-year deduction; $6,930 carryover.$7,550 current-year deduction; $230 carryover.McGrawHill< Prev11 of 15Next >

The correct answer is Option D.

Remsco has taxable income of $67,000 and a charitable contribution limit modified taxable income of $75,500. Its charitable contributions for the year were $7,780. What is Remsco's current-year charitable contribution deduction and contribution carryover? Multiple Choice $6,700 current-year deduction; $1,080 carryover. $7,780 current-year deduction; $0 carryover. $850 current-year deduction; $6,930 carryover. $7,550 current-year deduction; $230 carryover.