$11$

Problem $15-54($LO $15-3)($Algo$)$

$6\mathrm{.}66$ points

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After several years of profitable operations, Javell, the sole shareholder of JBD Incorporated, a C corporation, sold $22$ percent of her JBD stock to ZNO Incorporated, a C corporation in a similar industry. During the current year, JBD reports $$1,900,000$ of after$-$tax income. JBD distributes all of its after$-$tax earnings to its two shareholders in proportion to their shareholdings. How much tax will ZNO pay on the dividend it receives from JBD$?$ What is ZNO's tax rate on the dividend income $($after considering the DRD$)?[$Hint See $$243.]$ Note: Round the "Tax rate on dividend income" to $2$ decimal places.

$\backslash$table$[[$ZNO$\text{'}$s tax on dividend received,$],[$ZNO$\text{'}$s tax rate on dividend income,$]]$