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

question 49

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)$10,000
• C)$13,000
• D)$14,000
• E)$20,000

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Definitions:

Applied Force

A force that is applied to an object by a person or another object.

Fulcrum

The fixed point around which a lever pivots, enabling the lever to lift or move loads with less effort.

Load

In physiology, the force or resistance that a muscle has to overcome during contraction; in engineering, the weight or force that a structure supports.

Maximal Stimulus

The level of stimulus at which the maximum rate of contraction or response is achieved in a muscle or nerve.