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Jazz Corporation owns 10% of the Williams Corp. stock. Williams distributed a $28,000 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. Williams distributed a $28,000 dividend to Jazz Corporation. Jazz Corp's taxable income (loss) before the dividend was ($3,800). What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.? Multiple Choice $0. a $12,100. O $14,000 $21,350. None of the choices is correct

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