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Fisafolia Corporation has gross income from operations of $210,000 and operating expenses of $160,000 for the...

Fisafolia Corporation has gross income from operations of $210,000 and operating expenses of $160,000 for the current year. The corporation also has $30,000 in dividends from publicly traded domestic corporation in which the ownership percentage was 45%. a. Calculate the corporation's dividends received deduction for the current year. b. Assume that instead of $210,000, Fisafolia Cororation has gross income from operations of $135,000. Calculate the corporation's dividends received deduction for the current year. c. Assume that instead of $210,000, Fisafolia Corporation has gross income from operations of $158,000. Calculate the corporation's dividends received deductions for the current year.

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