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QUESTION 1 XYZ, Inc, has $40,000 of dividend income and a loss from its business...

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QUESTION 1 XYZ, Inc, has $40,000 of dividend income and a loss from its business operations of ($10,000). Determine its taxable income. (Note: You will need to work out the dividend received deduction first.) Zero. O $10,000. O $15,000. 0 $20,000 QUESTION 2 ABC, Inc, has $40,000 of dividend income and a loss from its business operations of ($22,000). Determine its taxable income or loss. (Note: You will need to work out the dividend-received deduction first.) $9,000. $18,000. O ($2,000) Net operating loss $31,000

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