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C corporations are allowed a dividends received deduction (DRD) for dividends received from domestic corporations Read the requirements a. What is the purpose of the

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C corporations are allowed a dividends received deduction (DRD) for dividends received from domestic corporations Read the requirements a. What is the purpose of the DRD? OA. To ensure that the dividend is taxed at the same rate as a non corporate taxpayer, OB. To mitigate the possible triple taxation of income earned by a corporation OC. To offer an incentive to pay dividends between corporations OD. To mitigate the possible double taxation of income earned by a corporation b. Does the taxable income limitation on the DRD serve any purpose? O A Yes Congress may have enacted this limitation to provide tax relief to corporations in higher tax brackets OB. Yes Congress may have enacted this limitation to prevent corporations in the lower tax bracket to benefit from the ORD OC. No it does not serve any purpose. OD. Yes. Congress may have enacted this limitation to prevent corporations from manipulating taxable income of the dividends that they receive to zero out ta may have little or no substantive rationale c. What additional tax liability is incurred by a C corporation when it receives $10,000 of dividend income from a 10%-owned domestic corporation? From a 25%-ov domestic corneration Am the war 2019 Complete all innut fields Fren there is no additional taya

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