Eagle Corporation, a calendar year C corporation owns stock in Hawk Corporation and has taxable income of $100,000 for the year before considering the dividends received deduction. Hawk Corporation pays Eagle a dividend of $130,000, which was considered in calculating the $100,000. What amount of dividends received deduction may Eagle claim if it owns 15% of Hawk’s stock?
Question 25 options:
$0
$50,000
$65,000
$84,500
None of the above.
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