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The Bay Fig Corporation has $350,000 of taxable income from operations for 2015 and dividends...

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Accounting

The Bay Fig Corporation has $350,000 of taxable income from operations for 2015 and dividends of $100,000 received from 30 percent-owned domestic corporations. How much is the Bay Fig Corporation's dividends received deduction for 2015? a. $35,000 b. $40,000 c. $70,000 d. $80,000 e. none of the above

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