1. In each of the following, calculate the dividend receive deductions

1. During 2021, the Melaleuca Corporation received dividends from 50% owned domestic corporation in the amount of $250,000

Dividend receive deduction is = $ _____________

2. During 2021, the Melaleuca corporation received dividends from its 95% owned domestic corporation in the amount of $100,000

Dividend received deduction is = $ _________________

c. During 2021, the Melaleuca corporation received dividends from its 15% owned domestic corporation in the amount of $120,000

Dividend received deduction is = $ _____________