Business, 18.02.2020 20:06 mervindavisk
Jazz Corporation owns 50% of the Williams Corp. stock. Williams distributed a $10,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income before the dividend was $100,000. What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.?
A. $0
B. $7,000
C. $8,000
D. $10,000
Answers: 2
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