During the current year, Nale Corp. received dividends of $1,000 from a 10% owned taxable domestic corporation. When Nale computes the maximum allowable deduction for contributions in its current year return, the amount of dividends to be included in the computation of taxable income is
a. $0
b. $200
c. $300
d. $1,000
Answer: D
Tax
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- Income in respect of a cash-basis decedent
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