During the Current Year,Mars Corporation Receives Dividend Income of $20,000

question 24

Multiple Choice

During the current year,Mars Corporation receives dividend income of $20,000 from an 85%-owned domestic corporation.What is Mars' maximum allowable dividend-received deduction for the current year?

• A)$- 0 -
• B)$14,000
• C)$16,000
• D)$18,000
• E)$20,000

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Definitions:

Psychological Dependence

A form of dependence that involves emotional-motivational withdrawal symptoms, such as anxiety or cravings, upon cessation of drug use or certain behaviors.

Drug

Any substance that, when ingested, injected, inhaled, or absorbed, has a physiological effect on the body, used for medication or in reference to narcotics.

Withdrawal

The process of reducing or eliminating the use of a habit-forming substance or ceasing engagement in a particular behavior.

Tolerance

The capacity to endure continued exposure to a substance or activity without adverse reaction, often leading to the need for increased amounts to achieve the same effect.