Question: Answer part a and part b PROBLEM #1 Part A. Dividends Received Deduction. During the year, CCS received a $6,000 dividend from IBM. CCS owns

Answer part a and part b

PROBLEM #1 Part A. Dividends Received Deduction. During the year, CCS received a $6,000 dividend from IBM. CCS owns less than 1% of the IBM stock outstanding. What is CCS's DRD associated with the dividend? CCS's income is $10,000. . Part B. What if the % ownership was 50% of IBM stock

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