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URGENT!!! Thunder, inc. has invested in the stock of several corporatons and has S500,000 operating income before dividends. Calculate Thunder's dividends-received deduction and taxable income
URGENT!!!
Thunder, inc. has invested in the stock of several corporatons and has S500,000 operating income before dividends. Calculate Thunder's dividends-received deduction and taxable income
CORPORATION | Dividend | Ownership % | Incorportated |
HAIL, INC. | $52,000 | 14 | Delaware |
hurricane company | 17,500 | 62 | France |
Lightening, inc. | 2,800 | 41 | Utah |
tornado corporation | 131,000 | 92 | New Jersey |
DRD, $203,300; taxable income, $296,700
DRD, $169,640; taxable income, $533,660
DRD, $183.640: taxable income, 519,660
DRD. $169,640: taxable income, 330,360
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