Assignment:
Corporation B has taxable income of $40,000. Included in total income of $5,000 of dividends received in 2016 from unaffiliated domestic corporations. (Ownership in these stocks is less than 5% of stock outstanding).
- What is the amount of dividends received deduction?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.