1. ABC Corporation receives $10,000 dividend income from its equity investment in DEF Corporation. ABC is in the 34% marginal tax bracket. The tax on dividend income would amount to: a. $900 b. $3,000 c. $1,020 d. $3,400 2. ABC Corporations revenue from sales is $250,000; its COGS is $100,000; its SG&A is $50,000; its interest expense is $20,000; it pays $20,000 as cash dividends. How much is the firms income taxes? (Corporate marginal tax rate is $0-50,000: 15%; $50,000-75,000: 25%; $75,000-100,000: 34%; $100,000-335,000: 39%) a. $15,450 b. $10,000 c. $27,200 d. $15,000