Expenses from operations Quying Dividends 700,000 950.000 200.000 Problem 3 Zeta corporation have the following income and deductions for the current year Sales 60,000 Cost of sales 30,000 Other operating expenses Dividends (from 5% owned corporation) 60,000 Zeta made charitable contribution of 60,000 to a qualified charity. Calculate Charitable deduction for the current year and carryover if any. 40,000