JKEB Corporation has the following revenues and expenses for the current tax year:
Sales revenue, net of returns................................................$100,000
Dividend Income (less than 20% owned investees)........................25,000
Cost of sales......................................................................30, 000
Normal business expenses......................................................40,000

1. What is JKEB Corporation's dividends-received deduction for the current tax year?
2. Assuming that JKEB Corporation's normal business expenses were $82,000 instead of $40,000, compute its dividends-received deduction for the current tax year.

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Taxable Income But Less Than Or Of the amount exceeding S0 S50,000 Tax Is Equal To Greater Than S0 $50,000 $75,000 S75,000 57,500 + 25% S100,000 1575,000 13,750+34% $22,250+39% s100,000 Is335,000 ls $100,000