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MS Corporation, a calendar year C corporation, has (1) gross income from operations $200,000, (2)...

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Accounting

MS Corporation, a calendar year C corporation, has (1) gross income from operations $200,000, (2) expenses from operations $245,000, (3) dividends received from a less than 20% owned domestic corporation $100,000 and (4) taxable income before the dividends received (DRD) deduction $55,000. Determine MSs DRD deduction for the year.

$100,000

$55,000

$45,000

$27,500

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