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![Cablephones Inc., which is not a
member of an affiliated group,
had $390,000 gross income from
operations, $475,000 deductible
expenses, and $300,000
dividends (received from more
than 20 percent owned U.S.
corporations). a. What is the
dividends-received deduction? b.
What would the dividends-
received deduction be if the
deductible expenses were
$500,000?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8342b035-9205-4b5f-836c-08881ca83705%2Fafb07d9b-f468-4581-bd6e-7d7169224995%2Fy96mvol_processed.jpeg&w=3840&q=75)
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