Problem 17-43 (a) (LO. 2)

In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation.

Assume that Rose Corporation owns 15%, Pansy owns 10% and Daffodil owns 55% of the stock in the corporations paying the dividends.

	Rose Corporation	Pansy Corporation	Daffodil Corporation
Income from operations	$1,200,000	$1,200,000	$1,200,000
Expenses from operations	(800,000)	(1,300,000)	(1,500,000)
Qualifying dividends	400,000	400,000	400,000

Click here to view the dividend received deduction ownership percentages and corresponding deduction percentage.

a.	The dividends received deduction for Rose Corporation is	$.
b.	The dividends received deduction for Pansy Corporation is	$.
c.	The dividends received deduction for Daffodil Corporation is	$.