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During the Current Year,Mars Corporation Receives Dividend Income of $20,000

Question 24

Multiple Choice

During the current year,Mars Corporation receives dividend income of $20,000 from an 85%-owned domestic corporation.What is Mars' maximum allowable dividend-received deduction for the current year?


A) $- 0 -
B) $14,000
C) $16,000
D) $18,000
E) $20,000

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