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In 2017, New Jesery, Inc. (a calendar year taxpayer) has the following income and expenses: Gross income from operations $550000 Expenses from operations $400000 Dividends

In 2017, New Jesery, Inc. (a calendar year taxpayer) has the following income and expenses:

Gross income from operations $550000

Expenses from operations $400000

Dividends received from IBM stock investment (15% ownership) $100000

New Jeresy, Inc's dividends received deduction for 2017 will be:

a. $70000

b.$175000

c.150000

d.100000

e. some other amount____________

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