Ivory Corporation, a calendar year, accrual method C corporation, has two cash method, calendar year shareholders who are unrelated to each other. Craig owns 35% of the stock, and Oscar owns the remaining 65%. During 2020, Ivory paid a salary of $100,000 to each shareholder. On December 31, 2020, Ivory accrued a bonus of $25,000 to each shareholder. Assuming that the bonuses are paid to the shareholders on February 1, 2021, compute Ivory Corporations 2020 deduction for the above amounts.

Eagle Corporation, a calendar year C corporation, owns stock in Hawk Corporation and has taxable income of $100,000 for the year before considering the dividends received deduction. In the current year, Hawk Corporation pays Eagle a dividend of $130,000, which was considered in calculating the $100,000. What amount of dividends received deduction may Eagle claim if it owns 15% of Hawks stock?

Emerald Corporation, a calendar year C corporation, was formed and began operations on April 1, 2020. The following expenses were incurred during the first tax year (April 1 through December 31, 2020) of operations.

Expenses of temporary directors and of organizational meetings	$27,000
Fee paid to the state of incorporation	1,000
Accounting services incident to organization	15,500
Legal services for drafting the corporate charter and bylaws	9,500
Expenses incident to the printing and sale of stock certificates	6,000

Assuming a 248 election, what is the Emeralds deduction for organizational expenditures for 2020?