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0:3-44 Ordering of Deductions. Beta Corporation reports the following results for the current yea Gross...

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Accounting

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0:3-44 Ordering of Deductions. Beta Corporation reports the following results for the current yea Gross income from operations $180,000 Dividends from less-than-20%-owned domestic corporations 100,000 Operating expenses 150,000 Charitable contributions 20,000 In addition, Beta has a $10,000 NOL carryover from the preceding tax year. a. What is Beta's taxable income for the current year? b. What carryovers are available to other tax years

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