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Calculate the amount of Fraxinia Corporation dividends

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Reference no: EM132702815

Problem - During 2018, Fraxinia Corporation has the following income and expenses:

Gross income from operations, excluding dividends $90,000

Expenses from operations 100,000

Dividends received from a 25 percent-owned domestic corporation 70,000

Required - Calculate the amount of Fraxinia Corporation's dividends received deduction.

Reference no: EM132702815

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