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Compute Napa dividends-received deduction

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Reference no: EM133121998

Question - This year, Napa Corporation received the following dividends: KLP Inc. (a taxable Delaware corporation in which Napa holds an 8% stock interest) $55,000

Gamma Inc. (a taxable Florida corporation in which Napa holds a 90% stock interest) 120,000

Napa and Gamma do not file a consolidated tax return. Compute Napa's dividends-received deduction.

Reference no: EM133121998

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