Donatoni Corporation owns 40% of Market,Inc.voting common stock.During the current year,Donatoni received a $30,000 dividend from Market.Donatoni must report the dividend as gross income,and is allowed a $21,000 dividends-received deduction.

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The Answer of Donatoni Corporation owns 40% of Market,Inc.voting common stock.During the current year,Donatoni received a $30,000 dividend from Market.Donatoni must report the dividend as gross income,and is allowed a $21,000 dividends-received deduction.

Donatoni Corporation Owns 40% of Market,Inc