MS Corporation, a calendar year C corporation, has (1) gross income from operations $200,000, (2)...
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Accounting
MS Corporation, a calendar year C corporation, has (1) gross income from operations $200,000, (2) expenses from operations $245,000, (3) dividends received from a less than 20% owned domestic corporation $100,000 and (4) taxable income before the dividends received (DRD) deduction $55,000. Determine MSs DRD deduction for the year.
$100,000
$55,000
$45,000
$27,500
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