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What is the amount of Pine?s dividend-received deduction

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1. For this year, Pine Corporation had losses of $20,000 from operations. It received $180,000 in dividends from a 25%-owned domestic corporation. Pine?s taxable income is $160,000 before the dividends-received deduction. What is the amount of Pine?s dividend-received deduction?

 

Paper#20505 | Written in 18-Jul-2015

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