Thunder, Inc Calculate Thunder's Dividends-Received Deduction and Taxable Income:
A) DRD, $152,920;

question 53

Multiple Choice

Thunder, Inc. has invested in the stock of several corporations and has $500,000 current year operating income before dividends: $\begin{array}{lrcl}\text { Corporation } &\text { Dividend }&\text { Ownership\% } & \text { Incorporated }\text { Hail, Inc. } & \$ 52,000 & 14 & \text { Delaware } \\\text { Hurricane Company } & 17,500 & 62 & \text { France } \\\text { Lightening, Inc. } & 2,800 & 41 & \text { Utah } \\\text { Tornado Corporation } & 131,000 & 92 & \text { New Jersev }\end{array}$
Calculate Thunder's dividends-received deduction and taxable income:

• A) DRD, $152,920; taxable income, $347,080.
• B) DRD, $135,420; taxable income, $533,660.
• C) DRD, $176,320; taxable income $526,980.
• D) DRD $169,640; taxable income, $330,360.

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One of three primary layers in an early animal embryo.

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Organ formed during pregnancy; allows diffusion of material between maternal and embryonic bloods.

Bulbourethral Gland

Small glands near the base of the male urethra that produce a clear fluid that lubricates the urethra for spermatozoa to pass through.