After you have answered all the questions, select the \"Sup1 score. Exam Questio

Question

After you have answered all the questions, select the "Sup1 score. Exam Question T Sandpiper Corporation owns 10 Sandpiper and Seaside are U.S. percent of the outstanding shares of Seaside Corporation. Both corporations with calendar taxable years. Sandpiper receives a nd from Seaside during the taxable year, What is the amount of the dividends received deduction that Sandpiper may claim? A $30,000 B $24,000 C $21,000 D The dividends-received deduction applies only where the rning.thomsonreuters.com/CourseContent/Content/TRTA/641455 htm

Explanation / Answer

Answer: Option [C] $21,000 Calcuation: The dividends-received deduction = 30000*70% = $         21,000 The deduction is 1) 70% in general 2) 80% if the holding in the dividend paying company is more than 20%, but less than 80% and 3) 100% wher the holding is 80% or more.

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