Jazz Corporation owns 10 percent of the Williams Corp. stock. Williams distributed a $10,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income (loss) before the dividend was ($2,000). What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.

$5,600

Explanation:

Jazz Corporation

Dividend $10,000

Less taxable income loss $2,000

Taxable income before the DRD$8,000

Thus:

70%×8,000

=$5,600

Therefore the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp is $5,600 reason been that Jazz owns less than 20% of the Williams stock, the DRD percentage is 70%and $5,600 (70% × 8,000 taxable income before the DRD) is less than the full DRD of $7,000 and the full DRD due to the fact that it does not create a net operating loss ($8,000 - $7,000 = $1,000), so the DRD is limited to $5,600.

idk the answer so dont listen to me but 23

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know