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Robots, Inc. reports the following financial data for last year: Gross income from sales and services $200,000 Wages, cost recovery and other expenses 180,000 Dividend

Robots, Inc. reports the following financial data for last year:

Gross income from sales and services

$200,000

Wages, cost recovery and other expenses

180,000

Dividend income from at least 20 percent owned U.S. corporations

40,000

Net operating loss carryover

20,000

Capital losses

10,000

Charitable contribution carryover

7,000

Current charitable contributions

11,000

(a.) What is Robots's charitable contribution deduction?

(b.) How much of the charitable contribution carryover is used up?

(c.) What is taxable income?

(d.) What is the dividends received deduction

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