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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

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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 $15,000 from a 45% owned corporation; taxable income before dividend received of $35,000. What is the amount excluded for the DRD

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