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Zeta corporation have the following income and deductions for the current year Sales 60,000 Cost of sales 30,000 Other operating expenses 40,000 Dividends (from 5%
Zeta corporation have the following income and deductions for the current year Sales 60,000 Cost of sales 30,000 Other operating expenses 40,000 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
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