accounting question

1. The board of directors of Orange Corporation, a calendar year taxpayer, is holding its year-end meeting on December 27, 2019. One topic on the board’s agenda is the approval of a $25,000 gift to a qualified charitable organization. Orange has a $20,000 charitable contribution carryover to 2019 from a prior year. Identify the tax issues the board should consider regarding the proposed contribution.

2. In general, what is the limitation on the deductibility of executive compensation that applies to publicly traded corporations?