subject
Business, 05.02.2021 21:40 Ashley606hernandez

Riverbend Inc. received a $367,500 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,450,000 before deducting the dividends received deduction (DRD), a $60,500 NOL carryover, a $30,750 domestic production activities deduction, and a $138,000 charitable contribution. (Use Corporate Tax Rate Table.) (Round your tax rates to 1 decimal place.)a. What is Riverbend’s deductible DRD assuming it owns 11 percent of Hobble Corporation?b. Assuming the facts in part (a), what is Riverbend’s marginal tax rate on the dividend?c. What is Riverbend’s DRD assuming it owns 36 percent of Hobble Corporation?d. Assuming the facts in part (c), what is Riverbend’s marginal tax rate on the dividend?e. What is Riverbend’s DRD assuming it owns 89 percent of Hobble Corporation (and is part of the same affiliated group)?f. Assuming the facts in part (e), what is Riverbend’s marginal tax rate on the dividend?

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 00:00, jboii11
Choose the list of the best uses for word processing software. lists, resumes, writing a book, and payroll data letters to your friends, resumes, spreadsheets, and school papers resumes, cover letters, databases, and crossword puzzles book reports, letters to your friends, resumes, and contracts
Answers: 2
image
Business, 22.06.2019 03:40, f13vsdbd
Electronics assembly inc. is a contract manufacturer that assembles consumer electronics for a number of companies. currently, the operations manager is assessing the capacity requirements as input into a bid for a job to assemble cell phones for a major global company. the company would assemble three models of cell phones in the same assembly cell. setup time between the phones is negligible. electronics assembly inc. operates two 8-hour shifts for 275 days per year. cell phone demand forecast (phones/year) processing time (minutes/phone) mars 47,000 19.8 saturn 35,000 20.7 neptune 7,500 16.2 a. calculate total capacity required by line. b. determine the total operating time available. c. calculate the total number of assembly cells. (round up your answer to the next whole number.)
Answers: 2
image
Business, 22.06.2019 10:30, karnun1201
Perez, inc., applies the equity method for its 25 percent investment in senior, inc. during 2018, perez sold goods with a 40 percent gross profit to senior, which sold all of these goods in 2018. how should perez report the effect of the intra-entity sale on its 2018 income statement?
Answers: 2
image
Business, 22.06.2019 12:50, iamhayls
In june 2009, at the trough of the great recession, the bureau of labor statistics announced that of all adult americans, 140,196,000 were employed, 14,729,000 were unemployed and 80,729,000 were not in the labor force. use this information to calculate: a. the adult population b. the labor force c. the labor-force participation rate d. the unemployment rate
Answers: 3
You know the right answer?
Riverbend Inc. received a $367,500 dividend from stock it held in Hobble Corporation. Riverbend's ta...

Questions in other subjects: