Tippecanoe Corporation Has the Following Income and Expense Items During

Multiple Choice

Tippecanoe Corporation has the following income and expense items during the current year: Net income from operations $60,000 Dividend income from 10% owned corporation 180,000 What is Tippecanoe 's dividends-received deduction?

A) $42,000
B) $126,000
C) $144,000
D) $168,000
E) $192,000