1,2&3

A corporation's taxable income before the dividends received deduction (DRD) is $70,000. Included in this amount is dividend income of $6,000 from another corporation in which the taxpayer owns 85 percent of its stock outstanding. The corporation's taxable income after the DRD is: In 2016, Diaz Liquor, Inc. had $300,000 in gross sales and a cost of goods sold of $130,000. It also had a work opportunity credit of $6,000 and a research credit of $5,000. Based on this information, what is the amount of its taxable income? A corporation has $50,000 in taxable income in Year 1 and expects to have $100,000 in taxable income in Year 2. If the corporation can shift $25,000 of its taxable income in Year 2 to Year 1, how much tax will it save