Multiple Choice
Copper Corporation owns stock in Bronze Corporation and has net operating income of $900,000 for the year.Bronze Corporation pays Copper a dividend of $150,000.What amount of dividends received deduction may Copper claim if it owns 85% of Bronze stock (assuming Copper's dividends received deduction is not limited by its taxable income) ?
A) $97,500
B) $105,000
C) $120,000
D) $150,000
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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