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Eagle Corporation (a C corporation) owns 15% of Hawk Corporation. For 2021 Eagle has $100,000...

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Accounting

  1. Eagle Corporation (a C corporation) owns 15% of Hawk Corporation. For 2021 Eagle has $100,000 in taxable income before considering the dividend received deduction. In 2021 Hawk pays eagle a dividend of $130,000. What (if any) is Eagles dividend received deduction?

  1. 0
  2. $50,000
  3. $65,000
  4. $84,500
  5. None of the above

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