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Business, 13.12.2019 23:31 shaylaahayden45061

Copper corporation owns stock in bronze corporation and has net operating income of $900,000 for the year. bronze corporation pays copper a dividend of $150,000. what amount of dividends received deduction may copper claim if it owns 65% of bronze stock (assuming copper's dividends received deduction is not limited by its taxable income)?

a. $0
b. $105,000
c. $120,000
d. $150,000
e. none of the above

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