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Jazz Corporation owns 10 percent of the Mitchell Corporation stock. Mitchell distributed a $12,000 dividend to Jazz Corporation. Jazz Corporation's taxable income (loss) before the
Jazz Corporation owns 10 percent of the Mitchell Corporation stock. Mitchell distributed a $12,000 dividend to Jazz Corporation. Jazz Corporation's taxable income (loss) before the dividend income was ($2,200). What is the amount of Jazz's dividends received deduction on the dividend it received from Mitchell Corporation
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