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What is the amount of Jazz dividends received deduction

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Reference no: EM132831602

Problem - Jazz Corporation owns 10% of the Williams Corp. stock. Williams distributed a $13,200 dividend to Jazz Corporation. Jazz Corp.'s taxable income (loss) before the dividend was ($7,600). What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.?

Reference no: EM132831602

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