Fisafolia Corporation has gross income from operations of $444,600 and operating expenses of $355,680 for the current year. The corporation also has $44,460 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.

Percent Ownership	Dividends Received Deduction Percentage
Less than 20%	80%
20% or more, but less than 80%	80%
More than 80%	100%

a. Calculate the corporation's dividends received deduction for the current year.

b. Assume that instead of $444,600, Fisafolia Corporation has gross income from operations of $333,450.

Calculate the corporation's dividends received deduction for the current year.

c. Assume that instead of $444,600, Fisafolia Corporation has gross income from operations of $350,000. Calculate the corporations dividends received deduction for the current year.