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Jazz Corporation owns 10 percent of Favors Corporation's stock. Favors distributed a $10,300 dividend to Jazz Corporation. Jazz Corporation's taxable income (loss) before the dividend

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Jazz Corporation owns 10 percent of Favors Corporation's stock. Favors distributed a $10,300 dividend to Jazz Corporation. Jazz Corporation's taxable income (loss) before the dividend was ($6,750). What is the amount of Jazz's dividends received deduction on the dividend it received from Favors Corporation? Multiple Choice O $0 O $3,550 O $5,150 O $6,838

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