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The DRD is equal to the lesser of the DRD percentage * dividend received or DRD percentage* taxable income before the dividend. Dividend of $21,000
The DRD is equal to the lesser of the DRD percentage * dividend received or DRD percentage* taxable income before the dividend. Dividend of $21,000 from a 15% owned corporation; taxable income before dividend received of $65,000. What is the amount excluded for the DRD? Add your answer
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