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Cava Corp., which has no portfolio indebtedness, received the following dividends during the current year: From a mutual savings bank $1,500 From a 20%-owned unaffiliated
Cava Corp., which has no portfolio indebtedness, received the following dividends during the current year: From a mutual savings bank $1,500 From a 20%-owned unaffiliated domestic taxable corporation 7,500 How much of these dividends qualifies for the 65% dividends received deduction?
$9,000
$7,500
$1,500
$0
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