After several years of profitable operations, Javell, the sole shareholder of JBD Inc., a C corporation, sold 15 percent of her JBD stock to ZNO Inc., a C corporation in a similar industry. During the current year JBD reports $1,990,000 of after-tax income. JBD distributes all of its after-tax earnings to its two shareholders in proportion to their shareholdings. Assume ZNOs marginal tax rate is 30 percent. How much tax will ZNO pay on the dividend it receives from JBD? What is ZNOs overall tax rate on its dividend income? [Hint: See IRC 243(a).] (Round the "overall tax rate" to 1 decimal place.)

ZNO's tax on dividend	?
ZNO's overall tax rate on dividend	? %