The Dawg corporation owns 12% of Company A and 31% of Company B. Dividends received from...

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

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Answer 1

Answer #1

Company A Dividend = 117000

Dawg Share @ 12% = 117000*.12 = 14040

Company B Dividend = 212000

Dawg Share @ 31% = 212000*.31 =65720

Dawg adjusted taxable income = 2000000

add- Dividend income = 14040 + 65720

total taxable income = 2079760

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Answer 2

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