For Owl Corporation, what is the total contribution amount qualifying for the deduction?

To determine the total contribution amount for Owl Corporation qualifying for the deduction, it is essential to recognize certain factors such as the type of contributions Owl Corporation made, the applicable limits on deductions based on the type of organization and contributions, and any relevant tax regulations concerning corporate donations.

When assessing contributions, it is also essential to consider the limitations imposed by the Internal Revenue Code. Generally, corporations can deduct charitable contributions up to a certain percentage of their taxable income (usually 10% for C corporations, for example). If the corporation's contributions exceed this limit within a tax year, the excess can be carried forward to subsequent years, within an allowable period.

In this scenario, if the amount $90,500 was computed based on these regulations and so qualifies under the specific deduction limits, it indicates that Owl Corporation made contributions that were well-calibrated to fit within these established tax frameworks. This is likely calculated from either the corporation's taxable income or the specific caps set forth for charitable organizations.

Thus, the total contribution amount qualifying for deduction, which aligns with Owl Corporation's ability to maximize its tax benefits while adhering to tax laws, is indeed $90,500.