after several years of profitable operations, javell, the sole shareholder of Jbd inc., a C corporation, sold 22% of her jbd stock to zno inc., a C corporation in a similar industry. during the current year, jbd reports $2,800,000 of after-tax income. jbd distributes all of its after-taxed 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 irc243] (round the "tax rate on dividend income" to 2 decimal place.)

ZNO's tax on dividend received

ZNO's tax rate on dividend income. %