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Posted: September 6th, 2023
Corporate Shareholders Assignment
Determine the dividends received deduction in each of the following situations. Assume that none of the corporate shareholders owns 20% or more of the corporations paying the dividends.
| Red | Purple | Orange | |
| Income from operations | $450,000 | $550,000 | $550,000 |
| Expenses from operations | 350,000 | 600,000 | 560,000 |
| Qualifying dividends | 100,000 | 100,000 | 100,000 |
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