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Computing dividends received deduction

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Reference no: EM13141410

The Bay Fig Corporation has a $350,000 gain from operations for 2009, and dividends of $100,000 received from 30%-owned domestic corporations. How much is the Bay Fig Corporation's dividends received deduction for 2009?

a. $35,000

b. $40,000

c. $70,000

d. $80,000

e. None of the above

Reference no: EM13141410

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