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Craig Corporation realizes $150,000 from sales during the current year. Craig also receives $20,000 of dividends from a 3% owned corporation. Operating expenses totals $155,000.

Craig Corporation realizes $150,000 from sales during the current year. Craig also receives $20,000 of dividends from a 3% owned corporation. Operating expenses totals $155,000. Craig's dividends-received deduction is

$10,500

$12,000

$14,000

$16,000

$20,000

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