Fisafolia Corporation has gross income from operations of $210,000 and operating expenses of $160,000 for 2018. The corporation also has $30,000 in dividends from publicly traded domestic corporations in which the ownership percentage was 45%.

Below is the Dividends Received Deduction table to use for this problem.

Problem 1 1 - 5 Special Deductions and Limitations [ LO 1 1 . 31 Below is the Dividends Received Deduction table to use for this problem . 2018 Dividends* Percent Ownership Received Percentage LESS than 20 percent 5.0 9/} 20 percent or more , but less than BO percent 65%' $O percent or More* 10```