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This year Napa Corporation receved the following dividends KLP Inc. (a taxable Delaware corporation in which Napa holds an 8% stock interest) Gamma Inc.(a taxable

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This year Napa Corporation receved the following dividends KLP Inc. (a taxable Delaware corporation in which Napa holds an 8% stock interest) Gamma Inc.(a taxable florida corporation in $ 75,080 which Napa holds a 988 stock interest 140,000 Napa and Gamma do not file a consolidated tax return. Compute Napa's dividends-received deduction

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