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What amount of dividends to be included in the computation

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Reference no: EM132724403

Problem 1: During 2020, Portco Corp. received dividends of $1,000 from a 10% owned taxable domestic corporation. In calculating Portco's maximum allowable deduction for charitable contributions the amount of dividends to be included in the computation of taxable income is:

Select one:

a. $300
b. $1,000
c. $200
d. 0

Reference no: EM132724403

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