EXHIBIT 12.5 Dividends Received Deduction Deduction Percentage Percentage of Ownership by Corporate Shareholder Less than 20% 20% or more (but less than 80%) 80% or more 50% 65% 100% "The payor corporation must be a member of an affiliated group with the recipient corporation 1. PR. 12-17. Whatlf2 Problem 12-33 (C) (LO. 7) (LO. 7) In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. 2. PR. 12-17. What1f3 15 The Seafoam Corporation owns 40%, Oceanview owns 25% and Roughwaters owns 5% of the stock in the corporations paying the dividends. 3. PR. 12-28 Whatlf1 4. PR. 12-28. Whatlf3 Roughwaters Corporation 1 Oceanview Corporation $480,000 (485,000) 5. PR.12-33. Whatlf1 Seafoam Corporation $240,000 (265,000) 100,000 Income from operations $700,000 (680,000) Expenses from operations 6. PR. 12-33.Whatlf3 x Qualifying dividends 100,000 100,000 7. PR. 12-35. Whatlf1 Click here to view the dividend received deduction ownership percentages and corresponding deduction percentage 8. BCPA.12.01 a. The dividends received deduction for Seafoam Corporation is 9. BCPA. 12.02 b. The dividends received deduction for Oceanview Corporation is 10. BCPA.12.03 C. The dividends received deduction for Roughwaters Corporation is 11. BCPA. 12.04 12. BCPA.12.05 Feedback Check My Work