This year,Sonoma Corporation received the following dividends: Before considering the above dividends,Sonoma has taxable income of $550,000.Calculate Sonoma's allowable dividends-received deduction and taxable income.

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This year,Sonoma Corporation received the following dividends:   Before considering the above dividends,Sonoma has taxable income of $550,000.Calculate Sonoma's allowable dividends-received deduction and taxable income.

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The Answer of This year,Sonoma Corporation received the following dividends:   Before considering the above dividends,Sonoma has taxable income of $550,000.Calculate Sonoma's allowable dividends-received deduction and taxable income.

This Year,Sonoma Corporation Received the Following Dividends: Before