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Gold and Silver are two unrelated calendar year corporations. For the current year, both entities incurred the following transactions. Income from operations Gold Silver
Gold and Silver are two unrelated calendar year corporations. For the current year, both entities incurred the following transactions. Income from operations Gold Silver Corporation Corporation $488,000 $780,800 $658,800 $796,416 Expenses from operations Dividends received from domestic corporations (15% ownership) $268,400 $585,600 Taxable income before dividends received deduction $97,600 $569,984 Click here to view the Dividend Received Deduction Table. What is the dividends received deduction for: a. Gold: b. Silver:
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South-Western Federal Taxation 2019 Individual Income Taxes
Authors: James C. Young, William H. Hoffman, William A. Raabe, David M. Maloney, Annette Nellen
42nd Edition
978-1337702546
