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W Co., a C corporation, owns 51% of Sub Corp. and 85% of Subsidiary Co., both domestic C corporations. W Co. had taxable income of
W Co., a C corporation, owns 51% of Sub Corp. and 85% of Subsidiary Co., both domestic C corporations. W Co. had taxable income of over $100,000,000 this year(before dividends received deduction). W Co. had the following dividend income this year:$500,000 dividend income from Sub Corp.$1,000,000 dividend income from Subsidiary Co.What is that amount of W Co.s dividends received deduction?
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