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What is the amount of jazz dividends received deduction

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Reference no: EM132990227

Problem 1: Jazz Corporation owns 10% of the Williams Corp. stock. Williams distributed a $15,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income (loss) before the dividend was ($2,500). What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.?

Option 1: $0.
Option 2: $6,250.
Option 3: $7,500.
Option 4: $10,625.
Option 5: None of the choices is correct.

Reference no: EM132990227

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