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F Corporation, a Personal Holding Company, Has $200,000 of Adjusted

Question 49

Multiple Choice

F Corporation, a personal holding company, has $200,000 of adjusted taxable income before the dividends-paid deduction.F paid $60,000 of dividends during the current tax year.What is the maximum amount of "throwback" dividends (paid within 2½ months from F's tax year-end) that F can elect to include in the prior year's dividends-paid deduction?


A) $140,000
B) $60,000
C) $28,000
D) $12,000

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