During the Current Year,Timepiece Corporation Has Operating Income of $460,000

question 68

Multiple Choice

During the current year,Timepiece Corporation has operating income of $460,000 and dividend income of $70,000 from 45% owned domestic corporations.Total operating expenses for the year are $470,000.What is Timepiece's dividends-received deduction for the current year?

• A)$- 0 -
• B)$48,000
• C)$56,000
• D)$60,000
• E)$70,000

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