Eagle Corporation, a Calendar Year C Corporation, Owns Stock in Hawk

question 13

Multiple Choice

Eagle Corporation, a calendar year C corporation, owns stock in Hawk Corporation and has taxable income of $100,000 for the year before considering the dividends received deduction. In the current year, Hawk Corporation pays Eagle a dividend of $130,000, which was considered in calculating the $100,000. What amount of dividends received deduction may Eagle claim if it owns 15% of Hawk's stock?

• A) $0
• B) $50,000
• C) $65,000
• D) $84,500
• E) None of the above

---

Definitions:

Non-conscious Processing

Mental processes that occur without conscious awareness, influencing perceptions, thoughts, and behaviors.

Information Processing

A cognitive approach that likens the mind to a computer, focusing on how information is encoded, stored, and retrieved.

Vision Restored

The process or event of regaining sight after losing it due to injury, disease, or other conditions.

Blind From Infancy

A condition where an individual lacks visual perception due to a congenital issue or an early-life injury or disease.