Last year, Intrepid Corporations tax return revealed the following items.

Dividends from 20 percent owned domestic corporations $60,000

Gross Income from services rendered $300,000

Miscellaneous expenses $250,000

Long-term capital gains $30,000

Net operating loss carry forward $15,000

Charitable contributions $20,000

a. What is Intrepids dividends-received deduction?

b. What is the charitable contribution deduction?

c. What is the taxable income for the year?