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Jazz Corporation owns 10% of the Williams Corp. stock. Williams distributed a $12,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income is $5,000. What is

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Jazz Corporation owns 10% of the Williams Corp. stock. Williams distributed a $12,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income is $5,000. What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.? A. $2,500 B. $10,000 C. $6,000 D. $5,000

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