What is the dividends received deduction (DRD)in each of the following independent cases?
a.Taxable income before DRD is $50,000.Dividend from a 30%-owned domestic corporation is $5,000.
b.Taxable income before DRD is $300,000.Dividend from a 10%-owned domestic corporation is $75,000.
c.Taxable income before DRD is $80,000.Dividend from a 60%-owned domestic corporation is $90,000.
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