X Corporation received $525000 in dividends from its investment in Y corporation, a US domestic manufacturer. For the past three years, X coproration has owned 18200 shares of Y's 96000 total outstandings shares. For the current year, X earned $100000 of gross income (ind addition to the dividends from Y). Assuming $125000 of 162 expenses

What is X dividends received deduction (if any) for the tax year ended December 2015?

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X Corporations Dividends Received Deduction DRD We can calculate X Corporations dividends received d... View the full answer