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Jazz Corporation owns 50% of the Williams Corp. stock. Williams distributed a $28,000 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 $28,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income before the dividend was $101,800. What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.? Multiple Choice O $0. O $14.000 0 $18.200 $28,000
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