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1- The F. Repens Corporation has taxable income of $250,000 for the current year, including dividends of $60,000 received from 30 percent-owned domestic corporations. How

1- The F. Repens Corporation has taxable income of $250,000 for the current year, including dividends of $60,000 received from 30 percent-owned domestic corporations. How much is the F. Repens Corporation's dividends received deduction for the current year?

a.$170,000

b.$48,000

c.$0

d.$40,000

e.None of these choices are correct

2-

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