Problem 11-4 (Algorithmic) Special Deductions and Limitations (LO 11.3) Fisafolia Corporation has gross income from operations of $441,000 and operating expenses of $352,800 for the current year. The corporation also has $44,100 in dividends from publicly traded domestic corporations in which the ownership percentage was 45%. Below is the Dividends Received Deduction table to use for this problem. Percent Ownership Less than 20% 20% or more, but less than 80% More than 80% Dividends Received Deduction Percentage 80% 80% 100% a. Calculate the corporation's dividends received deduction for the current year. Feedback b. Assume that instead of $441,000, Fisafolia Corporation has gross income from operations of $330,750. Calculate the corporation's dividends received deduction for the current year. 35,280 V Check My Work 0 more Check My Work uses remaining Next All work saved Save and Exit Submit Assignment for Grading C. Assume that instead of $441,000, Fisafolia Corporation has gross income from operations of $350,000. Calculate the corporation's dividends received deduction for the current year. Feedback Feedback