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QQQ corporation has 1000 of earnings and profits. It makes distribution to its shareholder of 2000....

QQQ corporation has 1000 of earnings and profits. It makes distribution to its shareholder of 2000. The shareholders basis is 200. How much of the distribution is taxable as a dividend?

17 a. 2000 b. 1000 c. 0 d. 800 e. 200

18 How much of the dividends a long term capital gain?

a 2000 b 1000 c 0 d 800 e 200

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Answer is highlighted in yellow: Solution: b. 1000 Answer:17) Explanation: Distribution is taxable as a dividend upto the lev

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