Rogers,Inc.owns 12% of Lampe Corporation's voting common stock.During the current year,Rogers generated $50,000 operating income and received $8,000 dividends from Lampe.Only $1,600 of the dividend is taxable.

Name: Rogers,Inc.owns 12% of Lampe Corporation's voting common stock.During the current year,Rogers generated $50,000 operating income and received $8,000 dividends from Lampe.Only $1,600 of the dividend is taxable.
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The Answer is False