Trestle Corp. received $100,000 of dividend income from minor holdings (less than 20%) in U.S. publicly traded corporations. Determine the allowable dividend- received deduction under the following assumptions of net inc from operations:
a. Net income from operations is $600,000.
b. Net income from operations is ($10,000).
c. Net income from operations is ($150,000).

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The Answer of Trestle Corp. received $100,000 of dividend income from minor holdings (less than 20%) in U.S. publicly traded corporations. Determine the allowable dividend- received deduction under the following assumptions of net inc from operations:
a. Net income from operations is $600,000.
b. Net income from operations is ($10,000).
c. Net income from operations is ($150,000).