how much of these dividends qualifies for the 80 dividends received deduction 625467
Cava Corp., which has no portfolio indebtedness, received the following dividends in 2007:
|
From a mutual savings bank |
$1,500 |
|
From a 20%-owned unaffiliated domestic taxable corporation |
7,500 |
How much of these dividends qualifies for the 80% dividends received deduction?
- $9,000
- $7,500
- $1,500
- $0