Becker CPA Review $17-4$

Before the provision for Federal income tax, Karas Corporation had book income of $$400,000$ for the current year. The book income included $$100,000$ of dividends received from a $15\%$ owned domestic corporation. What was Karas Corporation's taxable income for the current year?

a$.$ $$300,000$

b$.$ $$335,000$

c$.$ $$350,000$

d$.$ $$400,000$