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X corporation (a Colorado C corporation), owns shareholder interests in the following companies: 25% of...

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Accounting

X corporation (a Colorado C corporation), owns shareholder interests in the following companies: 25% of G Co. (a Colorado C corporation), 5% of H Co. (a Colorado C corporation), 100% of Z Co. (a Colorado limited liability limited partnership). At the end of Year 1, X receives the following distributions of current Earnings and Profits (E&P): $100 from G, $50 from H, $200 from Z. What is the dividends received deduction X may claim when filing its year 1 corporate income tax return?

a. $115 b. $315 c. $275 d. $105

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