Jazz Corporation owns 10 percent of the Mitchell Corporation stock. Mitchell distributed a $13,400 dividend to Jazz Corporation. Jazz Corporation's taxable income (loss)before the dividend was ($7,500). What is the amount of Jazz's dividends received deduction on the dividend it received from Mitchell Corporation?

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The Answer of Jazz Corporation owns 10 percent of the Mitchell Corporation stock. Mitchell distributed a $13,400 dividend to Jazz Corporation. Jazz Corporation's taxable income (loss)before the dividend was ($7,500). What is the amount of Jazz's dividends received deduction on the dividend it received from Mitchell Corporation?

Jazz Corporation Owns 10 Percent of the Mitchell Corporation Stock