Miller Corporation has gross income of $100,000, which includes $60,000 of dividends from a 10%-owned corporation. In addition, Miller has $80,000 of expenses. Miller's taxable income or loss is

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First, we need to determine Miller's taxable income by subtracting expenses from gross income: 
$100,000 (gross income) - $80,000 (expenses) = $20,000. 
However, Miller received $60,000 in dividends from a 10%-owned corporation, which means that only 50% of those dividends are taxable due to the dividends received deduction. 
50% of $60,000 = $30,000. 
Thus, Miller's taxable income is $20,000 - $30,000 = ($10,000). The answer is choice D.

Miller Corporation Has Gross Income of $100,000, Which Includes $60,000