Business, 18.04.2020 03:08 dub7

Wayne Corporation owns 40% of the stock of Robin Corporation and 90% of the stock of Bat Corporation. All of the corporations are U. S. corporations. Wayne has taxable income before the dividends-received deduction of $200,000, and received the following dividends during the year: Robin $ 5,000 Bat 20,000 The dividends-received deduction for Wayne Corporation would be:

A. $23,250
B. $12,500
C. $16,250
D. $20,000

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Wayne Corporation owns 40% of the stock of Robin Corporation and 90% of the stock of Bat Corporation...

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