$34)$ Crocker and Company $($CC$)$ is a C corporation. For the year, CC reported taxable income of $$550,000.$ At the end of the year, CC distributed all its after$-$tax earnings to Jimmy, the company's sole shareholder. Jimmy's marginal ordinary tax rate is $37$ percent and his marginal tax rate on dividends is $23\mathrm{.}8$ percent, including the net investment income tax. What is the overall tax rate on Crocker and Company's pretax income $($rounded to the nearest tenth$)?$

A$)18\mathrm{.}8\%$

B$)23\mathrm{.}8\%$

C$)21\%$

D$)39\mathrm{.}8\%$

E$)44\mathrm{.}8\%$

$35)$ Crocker and Company $($CC$)$ is a C corporation. For the year, CC reported taxable income of $$563,500.$ At the end of the year, CC distributed all its after$-$tax earnings to Jimmy, the company's sole shareholder. Jimmy's marginal ordinary tax rate is $37$ percent and his marginal tax rate on dividends is $23\mathrm{.}8$ percent, including the net investment income tax. What is the overall tax rate on Crocker and Company's pretax income $($rounded to the nearest tenth$)?$

A$)18\mathrm{.}8\%$

B$)23\mathrm{.}8\%$

C$)21\%$

D$)39\mathrm{.}8\%$

E$)44\mathrm{.}8\%$