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3. Griffin Corporation received $50,000 of dividend income from Eagle, Inc. Griffin owns 5 percent of the stock of Eagle. Griffin's marginal tax rate is

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3. Griffin Corporation received $50,000 of dividend income from Eagle, Inc. Griffin owns 5 percent of the stock of Eagle. Griffin's marginal tax rate is 21 percent. a. Calculate Griffin's allowable dividends-received deduction and the tax due from the dividend received from Eagle after deducting DRD. b. How would your answers to part a change if Griffin owned 55 percent of the stock of Eagle? How would your answers to part b change if Griffin owned 85 percent of the stock of Eagle? C

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