Nuggets C-corporation owns 2 percent of the Pacers C-corporation stock. Pacers corporation distributed a $40,000 dividend to Nuggets Corporation. Nuggets Corporation's taxable income was $45,000, which excluded the following: a dividends received deduction (before limitation), a $15,000 charitable contribution deduction, and a $5,000 NOL carryover. What is the amount of Nuggets's dividends received deduction on the dividend it received from Pacers Corporation? a. $12,500. b. $15,000. c. SO. d. $20,000. e. $17.500.

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