Jazz Corporation owns 10% of the Williams Corp. stock. Williams distributed a $11,900 dividend to Jazz Corporation. Jazz Corp.'s taxable income (loss) before the dividend was ($7,100). What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.?

a. $0

b. $2,400

c. $4,800

d. $5,950

e. None of the choices is correct

Jazz Corporation owns 10% of the Williams Corp. stock. Williams distributed a $22,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income (loss) before the dividend was ($3,200). What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.?

a. $0

b. $9,400

c. $11,000

d. $16,400

e. None of the choices is correct