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What is Desire DRD for the current year

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Question - 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. What is Desire's DRD for the current year?

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: EM132904631

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