Determine the dividends received deduction

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Problem - Determine the dividends received deduction for each of the following independent situations. Assume that the percentage of stock owned in the corporation paying the dividend is 30% for Green Corporation and less than 20% for Red Corporation and Blue Corporation.

 

Red Corporation

Blue Corporation

Green Corporation

Income from operations

$3,000,000

$4,500,000

$8,000,000

Expenses of operations

2,700,000

4,800,000

8,400,000

Qualified dividends received

600,000

150,000

2,000,000

Reference no: EM132673461

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