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1. This year, GHJ Inc. received the following dividends: BP Inc. (a taxable California corporation in which GHJ holds a 2% stock interest) $6,000 MN
1. This year, GHJ Inc. received the following dividends: BP Inc. (a taxable California corporation in which GHJ holds a 2% stock interest) $6,000 MN Inc. (a taxable Florida corporation in which GHJ holds a 52% stock interest) 7,000 AB Inc. (a taxable Canadian corporation in which GHJ holds a 21% stock interest) 10,000 $23,000 a) Compute GHJ Inc.'s dividend-received deduction b) If GHJ has $73,000 of taxable income before considering the dividend received exclusion, how much taxable income does GHJ have after subtracting the dividend received deduction
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