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Champ received a $ 3 0 , 0 0 0 distribution from NeatCo, a U . S . C corporation. NeatCo s earnings and profits

Champ received a $

30, 000

distribution from NeatCo, a U

.

.

C corporation. NeatCo

s earnings and profits for the year totaled $

18, 000 .

How much dividend income does Champ recognize?

$fill in the blank

1

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