1. Suppose that during 2018, C Corp received a $30,000 dividend from Apple Inc. and that C Corp owns less than 1 percent of the Apple Inc. stock. Further assume that C Corps taxable income before the dividend received deduction was $50,000. To arrive at the taxable income of $50,000 (before the DRD), C Corp deducted a $3,000 NOL Carryover and a $4,000 Capital Loss Carryover. What is C Corp Dividends Received Deduction?