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Determine the amount of the dividends received deduction in each of the following instances. In all cases, the net income figure includes the full dividend.

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Determine the amount of the dividends received deduction in each of the following instances. In all cases, the net income figure includes the full dividend. Use Dividends deduction table. Required: a. Dividend of $19,500 from a 45% owned corporation; taxable income before DRD of $78,500. b. Dividend of $24,700 from a 15% owned corporation; taxable income before DRD of $94,000. c. Dividend of $21,000 from a 60% owned corporation; taxable income before DRD of $11,800. d. Dividend of $7,500 from a 10% owned corporation; taxable income before DRD of $6,440. Answer is complete but not entirely correct

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