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Bailey Inc. has revenue from operations of $55,000, dividend income of $8,000 from Cream Corp., and operating expenses of $56,000. If Bailey owns 15% of
Bailey Inc. has revenue from operations of $55,000, dividend income of $8,000 from Cream Corp., and operating expenses of $56,000. If Bailey owns 15% of Cream Corp., what is Baileys dividends received deduction?
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