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Jazz Corporation owns 10% of the Williams Corp, stock. Willams distributed a $10,300 dividend to Jazz Corporation, Jazz Corp's taxable income (loss) before the dividend

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Jazz Corporation owns 10% of the Williams Corp, stock. Willams distributed a $10,300 dividend to Jazz Corporation, Jazz Corp's taxable income (loss) before the dividend was ($6,100). What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp? Multiple Choice

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