Taxable Income Greater Than	But Less Than Or Equal To	Tax Is	Of the amount exceeding
$0 $50,000 $75,000 $100,000	$50,000 $75,000 $100,000 $335,000	15% $7,500 + 25% $13,750 + 34% $22,250 + 39%	$0 $50,000 $75,000 $100,000

JKEB Corporation has the following revenues and expenses for the current tax year:

Sales revenue, net of returns . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000

Dividend Income (less than 20% owned investees) . . . . . . . . . . 25,000

Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000

Normal business expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000

1.What is JKEB Corporations dividends-received deduction for the current tax year?

2.Assuming that JKEB Corporations normal business expenses were $82,000 instead of $40,000, compute its dividends-received deduction for the current tax year.