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Business, 16.03.2020 20:30 spearjj

Jazz Corporation owns 50 percent of the Williams Corp. stock. Williams distributed a $26,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income before the dividend was $101,600. What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.

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Jazz Corporation owns 50 percent of the Williams Corp. stock. Williams distributed a $26,000 dividen...
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