Question: Please show all work and citations Please answer fully, typed if possible and show all work and relevant citations 1) Robots, Inc. reports the following

Please show all work and citations

Please answer fully, typed if possible and show all work and relevant citations

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

Gross income from sales and services 200k

Wages, cost recovery and other expenses 180k

Dividend income from at least 20% owned Corp. 40k

Net Operating Loss Carryover 20k

Capital Losses 10k

Charitable Contribution Carryover 7k

Current charitable contributions11k

a) What is Robot's charitable contribution deduction?

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

c) What is taxable income?

d) What is the dividend received deduction?

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