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vichka [17]
2 years ago
5

Copper Corporation, a calendar year C corporation, owns stock in Bronze Corporation and has net operating income of $900,000 for

the current year. Bronze Corporation pays Copper a dividend of $150,000. What amount of dividends received deduction may Copper claim if it owns 85% of Bronze stock (and the two corporations are members of the same affiliated group)
Business
2 answers:
UNO [17]2 years ago
7 0

Answer: $150,000

Explanation:

The Dividend Received Deduction is a Federal tax deduction that applies when a related company pays dividends to another company that owns part of it.

The relevant provision is that when a company owns more than 80% of the company receiving the Dividend, the Dividend Received Deduction amounts to 100% of dividends received.

Cooper Corporation may therefore claim a deduction of $150,000 being the total amount as they own 85% of Broze Corporation Stock.

Rasek [7]2 years ago
7 0

Answer:

$150,000

Explanation:

From the example given, the dividends deduction sustain rely on the ownership percentage by the corporate shareholder.

Now, if Copper Corporation has 85% of the Bronze Corporation, Copper would be eligible for a deduction of 100%, or in this example $150,000

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e.  instantly redeemable coupon

Explanation:

Instantly redeemable coupon -

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3 0
3 years ago
Earthquake, drought, fire, economic famine, flood, and a pestilence of TV court reporters have caused an exodus from the City of
Len [333]

Answer:

Buy

Explanation:

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3 0
3 years ago
​Julia is a U.S. citizen. She establishes a website that posts threatening messages about celebrities. Her website is.
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Explanation:

Based on the information provided within the question it can be said that the Julia's website is not protected by the First Amendment. This is because the Supreme Court has never interpreted freedom of speech to allow the inclusion of obscenities. Which "threatening posts about celebrities" would fall under the category of obscenity and not be protected under the First Amendment.

4 0
2 years ago
The spherical bubbles near the surface of a glass of water are 2.5 mm in diameter at sea level where the atmosphere exerts a pre
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6 0
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ohaa [14]

Answer: (D) Industry convergence

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6 0
3 years ago
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