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Marathon Inc. (a C corporation) reported $1,000.000 of taxable income in the current year. During the year, it .distributed $100,000 as dividends to its shareholder
Marathon Inc. (a C corporation) reported $1,000.000 of taxable income in the current year. During the year, it .distributed $100,000 as dividends to its shareholder as follows:
$5,000 to Guy, a 5 percent individual shareholder
$15,000 to Little Rock Corp a 15 percent shareholder (C corporation)
$80.000 to other shareholders.
How much oof the dividend payment did Marathon deduct in determing its taxablle income
Amount deductible =
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