2012 Corporate Tax Rate Schedule (partial)
Taxable Income Greater Than	But Less Than Or Equal To	Tax Is	Of the amount exceeding
$0	$50,000	15%	$0
$50,000	$75,000	$7,500 + 25%	$50,000
$75,000	$100,000	$13,750 + 34%	$75,000
$100,000	$335,000	$22,250 + 39%	$100,000

JKEB Corporation has the following revenues and expenses for the current tax year:

Sales revenue, net of returns . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000

Dividend Income (less than 20% owned investees) . . . . . . . . . . 25,000

Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000

Normal business expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000

1. What is JKEB Corporations dividends-received deduction for the current tax year?

Assuming that JKEB Corporations normal business expenses were $82,000 instead of $40,000, compute its dividends-received deduction

1. for the current tax year.