Jazz Corporation owns 10% of the Williams Corp. stock.

Williams distributed a $11,000 dividend to Jazz Corporation.

Jazz Corp.'s taxable income (loss) before the dividend was ($6,300).

What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.?

Multiple Choice

a. $0.

b. $2,350.

c. $4,700.

d. $5,500.

e. None of the choices is correct.