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What amount of dividends received deduction may Eagle claim

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Question - Eagle Corporation, a calendar year C corporation, owns stock in Hawk Corporation and has taxable income of $100,000 for the year before considering the dividends received deduction. In the current year, Hawk Corporation pays Eagle a dividend of $130,000, which was considered in calculating the $100,000. What amount of dividends received deduction may Eagle claim if it owns 15% of Hawk's stock?

a. $65,000

b. $0

c. $50,000

d. $84,500

Reference no: EM132846165

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