Walnut corporation owns 60 percent of teak corporation, a domestic corporation. during the current year, walnut corporation received $20,000 in dividends from teak corporation. assuming that walnut’s taxable income for the current year before the dividends received deduction is $500,000, what is the amount of walnut’s dividends received deduction for the current year? a. $0b. $14,000c. $16,000d. $20,000e. none of these choices are correct. ulmus corporation has $1,230,000 in taxable income for the current tax year. calculate the corporation's income tax liability for the current tax year. click here to access the tax schedule. citradoria corporation is a regular corporation that contributes $35,000 cash to qualified charitable organizations during the current tax year. the corporation has net operating income of $140,000, before deducting the contributions, and dividends received from domestic corporations (ownership in all corporations is less than 20 percent) in the amount of $20,000.a. what is the amount of citradoria corporation's allowable deduction for charitable contributions for the current year?