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WITCHER [35]
3 years ago
8

Copper Corporation owns stock in Bronze Corporation and has net operating income of $900,000 for the year. Bronze Corporation pa

ys Copper a dividend of $150,000. What amount of dividends received deduction may Copper claim if it owns 65% of Bronze stock (assuming Copper's dividends received deduction is not limited by its taxable income)?
a. $0
b. $105,000
c. $120,000
d. $150,000
e. None of the above
Business
1 answer:
denpristay [2]3 years ago
5 0

Answer:

The correct option is C that is $120,000

Explanation:

The amount of dividends received deductions grounded on the percentage of the ownership through the corporate shareholder. The copper corporation owns 65% of the Bronze corporation. So, the copper qualify for the 80% deduction or amount of $120,000.

In this case, 80% deduction would be:

= $150,000 × 80%

= $120,000

So, the amount of deduction is $120,000.

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Find the average rate of change of the tuition and fees at public two-year colleges. the average rate of change is $ nothing per
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The average change in the tuition in the school is $1748.30 per year

<h3>How to find the average rate of change</h3>

The formula would be

y2 -y1 / x2 - x1

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We would have to put these values in the formula that we have above such that we would be having:

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10490 / 6

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Hence we would say that the average rate of change is $1748.30 per year.

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5 0
2 years ago
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