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LUI The Dawg corporation owns 12% of Company A and 31% of Company B. Dividends received from Company A were $117,000 and from

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Answer #1
Taxable Income $ 2,000,000
Divided Company A $ 117,000
Divided Company B $ 212,000 $    329,000
$ 2,329,000
Deductions
Divided Company A $   81,900
Divided Company B $ 190,800 $    272,700
Taxable Income $ 2,056,300
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