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Business, 15.02.2021 19:40 hmu323

Riverbend Inc. received a $307,500 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,620,000 before deducting the dividends-received deduction (DRD), a $54,000 NOL carryover, and a $177,000 charitable contribution. a. What is riverbend deductible DRD asuming it owns 16 percent of hobble Corp?
b. Assuming the facts in part A what is riverband marginal tax rate on the dividend?
c. What is riverbends DRD assuming it owns 31 percent of hobble corp?
d. Assuming the facts in part C, what is riverband's marginal tax rate on the dividend?
e. What is riverbands DRD assuming its own 90 percent of hobble corp (and is part of the same affiliated group)?
f. Assuming the facts in part E what is riverbends marginl tax rate on the dividend?

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