Hawkins Corporation has $50,000 of taxable income before special deductions. Taxable income includes an operating loss carryforward of $10,000 and $60,000 of dividend income received from other corporations in which Hawkins owns less than a 20% interest. What is Hawkins' taxable income?
A)$10,000
B)$25,000
C)$30,000
D)$50,000
E)$60,000

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The Answer of Hawkins Corporation has $50,000 of taxable income before special deductions. Taxable income includes an operating loss carryforward of $10,000 and $60,000 of dividend income received from other corporations in which Hawkins owns less than a 20% interest. What is Hawkins' taxable income?
A)$10,000
B)$25,000
C)$30,000
D)$50,000
E)$60,000

Hawkins Corporation Has $50,000 of Taxable Income Before Special Deductions