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What is desire drd for the current year

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Desire Corporation received dividends from DuBois, Inc. of $60,000. Desire owns 15% of the stock in DuBois. Desire had taxable income, before taking the dividends received deduction ( DRD) into account, of $25,000.

Problem 1: What is Desire's DRD for the current year?

Problem 2: Would your answer to 13 change if Desire's taxable income pre-DRD was $40,000? If so, what would it be now?

Reference no: EM132832476

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