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$60,000 300,000 250,000 107. Comprehensive Problem. Last year, Intrepid Corporation's tax return revealed the following items: Dividends from 20 percent owned domestic corporations Gross income

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$60,000 300,000 250,000 107. Comprehensive Problem. Last year, Intrepid Corporation's tax return revealed the following items: Dividends from 20 percent owned domestic corporations Gross income from services rendered Miscellaneous expenses Long-term capital gains Net operating loss carryforward Charitable contributions a. What is Intrepid's dividends-received deduction? b. What is the charitable contribution deduction? c. What is the taxable income for the year? 30,000 15,000 20,000

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