Illustrate what is the amount of jazz dividends

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Reference no: EM1387416

Q. Jazz Corporation owns 10% of the Williams Corp. stock. Williams distributed a $10,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income before the dividend was $4,000. Illustrate what is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.?

Reference no: EM1387416

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