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Thunder, Inc

Question 48

Multiple Choice

Thunder, Inc. has invested in the stock of several corporations and has $500,000 operating income before dividends. Thunder, Inc. has invested in the stock of several corporations and has $500,000 operating income before dividends. Calculate Thunder's dividends-received deduction and taxable income: A) DRD, $203,300; taxable income, $296,700 B) DRD, $169,640; taxable income, $533,660 C) DRD, $183,640; taxable income, $519,660 D) DRD $169,640; taxable income, $330,360 Calculate Thunder's dividends-received deduction and taxable income:


A) DRD, $203,300; taxable income, $296,700
B) DRD, $169,640; taxable income, $533,660
C) DRD, $183,640; taxable income, $519,660
D) DRD $169,640; taxable income, $330,360

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