This year, Napa Corporation received the following dividends. $ 70,000 KLP Inc. (a taxable Delaware corporation...

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This year, Napa Corporation received the following dividends. $ 70,000 KLP Inc. (a taxable Delaware corporation in which Napa

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Answer 1

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Deduction Dividends Dividends Received from Dividend Deduction AN KLP Inc. $70,000 - 70% $49000 Gamma Inc $1135,000 100% $ 13 . Thank you

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