Jazz Corporation owns 10percent of the Mitchell Corporation stock. Mitchell distributed a $10,000 dividend to Jazz Corporation. Jazz Corporation's taxable income (loss)before the dividend was ($6,000). What is the amount of Jazz's dividends received deduction on the dividend it received from Mitchell Corporation?
A)$0.
B)$2,000.
C)$4,000.
D)$5,000.
E)None of the choices are correct.

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The Answer of Jazz Corporation owns 10percent of the Mitchell Corporation stock. Mitchell distributed a $10,000 dividend to Jazz Corporation. Jazz Corporation's taxable income (loss)before the dividend was ($6,000). What is the amount of Jazz's dividends received deduction on the dividend it received from Mitchell Corporation?
A)$0.
B)$2,000.
C)$4,000.
D)$5,000.
E)None of the choices are correct.

Jazz Corporation Owns 10percent of the Mitchell Corporation Stock