Last year, Intrepid Corporation's tax return revealed the following items:

a. What is Intrepid's dividends-received deduction?

b. What is the charitable contribution deduction?

c. What is the taxable income for the year?

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Dividends from 20 percent owned domestic corporations Gross income from services rendered Miscellaneous expenses Long-term capital gains Net operating loss carryforward Charitable contributions $60,000 300,000 250,000 30,000 15,000 20,000