Jazz Corporation owns 10 percent of the Williams Corp. stock. Williams distributed a $10,400 dividend to Jazz Corporation. Jazz Corp.'s taxable income (loss) before the dividend was ($7,400). What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.?

Multiple Choice

• $5,200.

• $3,000.

• $0.

• None of the choices are correct.

• $1,500.