Perceval Corporation (a calendar year, accural basis C corp) has the following income and expenses for 2023:

Gross receipts from U.S. manufacturing activities $2,000,000

Operating Expenses. $1,960,000

Dividends received from domestic corporations (20% owned) $400,000

Dividends received from domestic corporations (18% owned) $200,000

Net operating loss carryforward from last year $100,000

What is perceval corporation's dividend received deduction for 2023?

Morgan Corporation (a calendar year, accural basis C corp) has the following income and expenses for 2023:

Gross receipts from U.S. Manufacturing activities $2,000,000

Operating Expenses $1,960,000

Dividends received from domestic corporations (20% owned) $600,000

Net operating loss carryforward from last year $600,000

What is Morgan Corp's Federal income tax liability for 2023