40,000 Homework: M... Question 4, PC:3-38 (bo... HW Score: 43.28%, 17.31 of 40 points Save Part 4 of 4 Points: 3.13 of 5 Omega Corporation reports the following results for the current year Click the icon to view the results for the current year) Read the requirements Requirement a. What is Omega's charitable contributions deduction for the current year and its charitable contributions carryover to next year, if any? Begin by computing Omega's adjusted taxable income Gross profit on sales $ 120.000 Dividends received Gross income 160.000 Operating expenses (100,000) 60.000 Adjusted taxable income Omega's charitable contrations deduction for the current your is $ 6,000 (Complete an answer input fields. If there is no charitable contributions carryover, unter "u") Omega's charitable contribution carryover to next your is 55,000 Requirement b. What Omoga's taxable income for the current year? (Enter the deductions in the specific sequence dictated by the tax rukes it an input field is not used, wave the input field ompty Do not select a label or enter a 2010) Adjusted taxable income Minus Help Me Solve This Calculator Get More Help Clear All Check Answer ga's Data Table - X S Gross profits on sales Dividends from less-than-20%-owned domestic corporations Operating expenses Charitable contributions (cash) 120,000 40,000 100,000 11,000 ributio ut fie tributie Print Done 5 Ome 1 field px rules. If an 1 Requirements a. What is Omega's charitable contributions deduction for the current year and its charitable contributions carryover to next year, if any? b. What is Omega's taxable income for the current year? be ut Print Done Tibe Oil Jules. In