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This year, Napa Corporation received the following dividends. KLP Inc. (a taxable Delaware corporation in which Napa holds an 9% stock interest) $ 60,000 Gamma

This year, Napa Corporation received the following dividends.

KLP Inc. (a taxable Delaware corporation in which Napa holds an 9% stock interest) $ 60,000

Gamma Inc. (a taxable Florida corporation in which Napa holds a 90% stock interest) 125,000

Napa and Gamma do not file a consolidated tax return. Compute Napas dividends-received deduction.

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