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Caren Corp., licensed by the Small Business Administration as a small business investment company, has net income before the dividends received deduction of $ 4

Caren Corp., licensed by the Small Business Administration as a small business investment company, has net income before the dividends received deduction of $40,000 for the current year. This includes $30,000 of dividends from Multinet Corporation. Caren owns 10% of Multinet Corporation. Caren files a statement with its current year's income tax return that it was a federal licensee under the Small Business Investment Act of 1958 when the dividend was received. How much is the allowed dividends received deduction under IRC Sec. 243(a)(2)?



  

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