River bend inc received a 220000 dividend from stock it


River bend inc. received a 220,000 dividend from stock it held in hobble corporation. Riverbend's taxable income is 3,020,000 before deducting the dividends received deduction (DRD), a 23,500 domestic production activities deduction,and a 189,000 charitable contribution (use corporate Tax Rate Table) leave no answer blank.ebree zero if applicable)

A. what is river bend deductible DRD assuming it owns 15% of Hobble?

B. assuming the facts in part (A) what is Riverbend marginal tax rate on the dividend (round your answer to one decimal place)?

C. what is Riverbend DRD assuming it owns 48% of hobby Corporation?

D. assuming the facts in part (C) what is Riverbend majority tax rate on the dividend?( round your answer to one decimal place)?

E. what is Riverbend DRD assuming it is 92% of hobble corporation (and is a part of the zasame Affiliated group?

F. Assuming the fact in part (e) what is riverbend's marginal tax rate on the dividend?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: River bend inc received a 220000 dividend from stock it
Reference No:- TGS01412173

Expected delivery within 24 Hours