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Ti At 12 10 pts Question 19 ents Raven Corporation, a C Corporation, reports the following items of income and expense for 2020: ns Gross
Ti At 12 10 pts Question 19 ents Raven Corporation, a C Corporation, reports the following items of income and expense for 2020: ns Gross Revenue $800,000 Dividends Received (from 30% owned corp) 200,000 LTCG 30,000 5 12,000 STCL 15,000 Policies City of Leawood Bond Interest 275,000 Cost of Goods Sold sources 350,000 Administrative Expenses nne 60,000 Charitable Contributions ideo Dividends Paid (to owners) 150,000 In calculating 2020 taxable income... 1. ...how much (if any) of the STCL may Raven Corp deduct in 2020? 12,000 COSTOT U000s Sore Administrative Expenses 350,000 Charitable Contributions 60,000 Dividends Paid (to owners) 150,000 In calculating 2020 taxable income... 1. ...how much (if any) of the STCL may Raven Corp deduct in 2020? 2. ...how much (if any) of the City of Leawood Bond Interest should Raven Corp include 3. ...how much (if any) of the charitable contributions may Raven Corp deduct in 2020? 4. ...how much (if any) may Raven Corp deduct for dividends Raven Corp paid to shareholders in 2020? 5. ...how much is Raven Corp's dividends received deduction in 2020? Next Previous
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