This year, Napa Corporation received the following
dividends.
KLP Inc. (a taxable Delaware corporation in which Napa holds an 8% stock interest) |
$ | 55,000 |
Gamma Inc. (a taxable Florida corporation in which Napa holds a 90% stock interest) |
120,000 | |
Napa and Gamma do not file a consolidated tax return. Compute
Napa’s dividends-received deduction.
This year, Napa Corporation received the following dividends. KLP Inc. (a taxable Delaware corporation in which...
This year, Napa Corporation received the following dividends. KLP Inc. (a taxable Delaware corporation in which Napa holds an 8% stock interest) $ 55,000 Gamma Inc. (a taxable Florida corporation in which Napa holds a 90% stock interest) 120,000 Napa and Gamma do not file a consolidated tax return. Compute Napa’s dividends-received deduction.
This year, Napa Corporation received the following dividends. KLP Inc. (a taxable Delaware corporation in which Napa holds an 8% stock interest) $ 72,000 Gamma Inc. (a taxable Florida corporation in which Napa holds a 90% stock interest) 137,000 Napa and Gamma do not file a consolidated tax return. Compute Napa’s dividends-received deduction??
This year, Napa Corporation received the following dividends. $ 70,000 KLP Inc. (a taxable Delaware corporation in which Napa holds an 8% stock interest) Gamma Inc. (a taxable Florida corporation in which Napa holds a 90% stock interest) 135,000 Napa and Gamma do not file a consolidated tax return. Compute Napa's dividends-received deduction. Dividends-received deduction
This year, Napa Corporation received the following dividends. $ 57,000 KLP Inc. (a taxable Delaware corporation in which Napa holds an 8% stock interest) Gamma Inc. (a taxable Florida corporation in which Napa holds a 90% stock interest) 122,000 Napa and Gamma do not file a consolidated tax return. Compute Napa's dividends-received deduction Dividends-received deduction
This year, Napa Corporation received the following dividends. $ 70,000 KLP Inc. (a taxable Delaware corporation in which Napa holds an 8% stock interest) Gamma Inc. (a taxable Florida corporation in which Napa holds a 90% stock interest) 135,000 Napa and Gamma do not file a consolidated tax return. Compute Napa's dividends-received deduction. Dividends-received deduction
This year, Napa Corporation received the following dividends. $ 57,000 KLP Inc. (a taxable Delaware corporation in which Napa holds an 8% stock interest) Gamma Inc. (a taxable Florida corporation in which Napa holds a 90% stock interest) 122,000 Napa and Gamma do not file a consolidated tax return. Compute Napa's dividends-received deduction Dividends-received deduction
This year, GHJ Inc. received the following dividends. BP Inc. (a taxable California corporation in which GHI holds a 3% stock interest) MN Inc. (a taxable Florida corporation in which GHI holds a 52% stock interest) AB Inc. (a taxable French corporation in which GHI holds a 23% stock interest) $19,500 81,900 19,500 Compute GHJ's dividends-received deduction. Dividends-received deduction This year, GHJ Inc. received the following dividends. BP Inc. (a taxable California corporation in which GHI holds a 3% stock...
The math I did - 21300(.7) + 82800(.8) = 81150. Please help me calculate the right answer as I cannot figure it out! This year, GHJ Inc. received the following dividends. BP Inc. (a taxable California corporation in which GHJ holds a 6% stock interest) MN Inc. (a taxable Florida corporation in which GHJ holds a 55% stock interest) AB Inc. (a taxable French corporation in which GHJ holds a 32% stock interest) $21,300 82,800 21,300 Compute GHJ's dividends-received deduction...
Which of the following statements is incorrect regarding the dividends received deduction? a. The taxable income limitation does not apply if the normal deduction (i.e., 50% or 65% of dividends) results in a net operating loss for the corporatio Ob. If a stock purchase is financed 75% by debt, the deduction for dividends on such stock is reduced by 75%. c. The taxable income limitation does not apply with respect to the 100% deduction available to members of an affiliated...
2. Which of the following statements is incorrect regarding the dividends received deduction? a. A corporation must hold stock for more than 90 days in order to qualify for a deduction with respect to dividends on such stock. b. The taxable income limitation does not apply with respect to the 100% deduction available to members of an affiliated group c. If a stock purchase is financed 75% by debt, the deduction for dividends on such stock is reduced by 75%....