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Jetson Corporation is a calendar year C corporation having gross income from operations of $300,000 and expenses from operations of $310,000 for 2020. It also

Jetson Corporation is a calendar year C corporation having gross income from operations of $300,000 and expenses from operations of $310,000 for 2020. It also had non-operating income from stock it owned in Slate Industries also a C corporation. Jetson owns 15% of the stock of Slate Industries and the dividends totaled $230,000. Calculate Jetson Corporations dividend received deduction.

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