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Red Corporation has the following transactions for the current year: Gross income from operations: $266,000 Expenses from operations: 372,400 Dividends received from domestic corporations (15%
Red Corporation has the following transactions for the current year:
Gross income from operations: $266,000
Expenses from operations: 372,400
Dividends received from domestic corporations (15% ownership): 159,600
What is Reds dividends received deduction?
Answer: __________ ?
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