Special Deductions and Limitations $($LO $11\mathrm{.}3)$

Fisafolia Corporation has gross income from operations of $$455,400$ and operating expenses of $$364,320$ for $2023.$ The corporation also has $$45,540$ in dividends from publicly$-$traded domestic corporations in which the ownership percentage was $45$ percent.

Below is the Dividends Received Deduction table to use for this problem.

Percent Ownership$2023$ Dividends

Received PercentageLess than $20$ percent$50\%20$ percent or more, but less than $80$ percent$65\%80$ percent or more$100\%$

If require, round final answers to the nearest dollar.

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a$.$ Calculate the corporation's dividends received deduction for the current year.

fill in the blank $1$ of $1$$

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b$.$Assume that instead of $$455,400,$ Fisafolia Corporation has gross income from operations of $$341,550.$

Calculate the corporation's dividends received deduction for the current year.

fill in the blank $1$ of $1$$

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c$.$ Assume that instead of $$455,400,$ Fisafolia Corporation has gross income from operations of $$350,000.$ Calculate the corporation's dividends received deduction for the current year. If require, round final answers to the nearest dollar.

fill in the blank $1$ of $1$$