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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

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 Red's dividends received deduction? Answer:

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