What is the corporation''s taxable income after the drd


A corporation's taxable income before the dividends received deduction (DRD) is $70,000. Included in this amount is dividend income of $60,000 from another corporation in which the taxpayer owns 85 percent of its stock outstanding. what is the corporation's taxable income after the DRD ?

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Accounting Basics: What is the corporation''s taxable income after the drd
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