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JoeCo owns 4 0 % of the stock of BidenCo. If Joe receives $ 1 , 5 0 0 , 0 0 0 in dividends

JoeCo owns 40% of the stock of BidenCo. If Joe receives $1,500,000 in dividends from Biden and has $4,000,000 in income not considering dividends. How much dividends received deduction can JoeCo. claim with respect to these dividends?

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