A corporation has operating income of $75,000 What is its taxable income if it receives a $20,000 dividend from another corporation in which it has the following ownership a 10 b 65 c 90 ...

a 20000 7 x 20000 6000 taxab ...

A corporation has operating income of $75,000. What is its taxable income if it receives a $20,000

Question:

A has operating income of $75,000. What is its taxable income if it receives a $20,000 from another in which it has the following ownership?
a. 10%
b. 65%
c. 90%
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...