Question: Can anyone explain how to solve this please. 7) Miller Corporation has gross income of $95,000, which includes $40,000 of dividends from a 10%-owned corporation.

Can anyone explain how to solve this please.

7) Miller Corporation has gross income of $95,000, which includes $40,000 of dividends from a 10%-owned corporation. In addition, Miller has $80,000 of expenses. Miller's taxable income or loss is A) $15,000. B) $7,500. C) $0. D) ($5,000)

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