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In 2017, Parvifolia, Inc. had $403,000 of revenue from operations and $160,000 of dividends from non-affiliated 15-percent-owned domestic corporations. The corporation's operating expenses totaled $410,000.

In 2017, Parvifolia, Inc. had $403,000 of revenue from operations and $160,000 of dividends from non-affiliated 15-percent-owned domestic corporations. The corporation's operating expenses totaled $410,000. What is Parvifolia, Inc.'s dividends received deduction for 2017?

1.

$105,000

2.

$112,000

3.

$107,100

4.

$128,500

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