Maxwell Corporation Reports the Following Results Maxwell's Dividends-Received Deduction Is
A)$42,000

question 8

Multiple Choice

Maxwell Corporation reports the following results: $$\begin{array} { | l | r | } \hline \text { Gross income from operations } & \$ 90,000 \\\hline \text { Dividends received from 18\%-owned domestic corporation } & 70,000 \\\hline \text { Expenses } & 100,000 \\\hline\end{array}$$ Maxwell's dividends-received deduction is

• A)$42,000.
• B)$49,000.
• C)$56,000.
• D)$70,000.

---

Definitions:

Comparative Advantage

The ability of a country, company, or individual to produce a good or service at a lower opportunity cost than competitors.

Proximity

The state of being close or near in space, time, or relationship.

Natural Resources

Naturally occurring materials such as minerals, water, and fertile land that can be used for economic gain.

International Organization

An entity formed by sovereign states or civil societies to work on common areas of interest such as peace, security, and development on a global scale.