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Jazz Corporation owns 50 percent of the Williams Corp. stock. Williams distributed a $14,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income before the dividend

Jazz Corporation owns 50 percent of the Williams Corp. stock. Williams distributed a $14,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income before the dividend was $100,400. What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.? Multiple Choice $0. $7,000. $9,100. $14,000

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