P" ) SUNW U and capenses. Gross income from operations $1,200,000 Expenses from operations 1,100,000 Dividends from Big Corporation 300,000 Oak Corporation owns 18% of the stock in Big Corporation. The dividends received deduction for the current year is (post-TCJA deduction 50%): a. $240,000. b. $80,000 c. $210,000. d. $150,000. e. None of the above. 26. During the year, Doh Corporation (a U.S. Corporation) has U.S.-source income of $900,000 and foreign income of $400,000. The foreign-source income generates foreign income taxes of $110,000. The U.S. income tax before the foreign tax credit is $340,000. Doh Corporation's foreign tax credit allowed for the year is: a. $75,000. $104,615. $102,615. $110,000 None of the above. sono