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Calculate the maximum DRD available to Parent

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Problem - Parent Corp. owns 15% of Sub Corp. Parent has gross income of $43,000 and allowable deductions of $40,000 before considering any dividends received deduction (DRD). Included in the $43,000 gross income is $8,000 in dividends from Sub. Calculate the maximum DRD available to Parent?

a. $1,500

b. $1,950

c. $4,000

d. $8,000

Reference no: EM132661096

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