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Jazz Corporation owns 1 0 percent of the Vanderbilt Corporation stock. Vanderbilt distributed a $ 1 0 , 0 0 0 dividend to Jazz Corporation.
Jazz Corporation owns percent of the Vanderbilt Corporation stock. Vanderbilt distributed a $ dividend to Jazz Corporation. Jazz Corporation's taxable income loss before the dividend was $ What is the amount of Jazz's dividends received deduction on the dividend it received from Vanderbilt Corporation?
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$
$
$
$
None of the choices is correct.
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