assume the tax rate for all c-corporations is 21%.

Question 7 2.5 pts Locust Corporation's gross income from operations is $850,000, and it has $870,000 of operating expenses. Locust also receives $45,000 of dividends from corporations in which it owns less than 1% of the stock (not included in the previous amounts). What is its dividends- received deduction? $10.000 $22.500 $12.500 O $45.000