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 income 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 income 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).