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Jazz Corporation owns 50% of the Williams Corp. stock. Williams distributed a $30,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income before the dividend was

Jazz Corporation owns 50% of the Williams Corp. stock. Williams distributed a $30,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income before the dividend was $102,000. What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.?

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