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2. Corporation had the following income and expenses during the current taxable year: Income from operations $250,000 Expenses from operations $120,000 Dividends received (from a
2. Corporation had the following income and expenses during the current taxable year:
Income from operations $250,000
Expenses from operations $120,000
Dividends received (from a 70 percent-owned corporation)) $ 80,000
Cash charitable contributions $25,000
How much is Corporation
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