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Slow Corporation owns a 2 0 % interest in Fast Corporation, a domestic corporation. For the year, Slow Corporation had gross receipts of $ 7

Slow Corporation owns a 20% interest in Fast Corporation, a domestic corporation. For the year, Slow Corporation had gross receipts of $790,000, operating expenses of $800,000, and dividend income of $240,000 from Fast Corporation. The dividends were not from debt-financed portfolio stock. What is Slow Corporations dividends-received deduction for the year?

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