Identify the additional amount of tax that will be due from the taxpayer on the dividends received in each of the scenarios below.[1]

Masha (an individual taxpayer) owns 100 percent of Metro Fashion Corporation. In 2016, she receives a $100,000 dividend from the Corporation. Mashas other sources of income this year are wages of $80,000 (thus, she is not considered a high income taxpayer).

Tyson Corporation owns 100 percent of Lafayette Corporation, and both companies are in the same affiliated group. Lafayette pays Tyson $300,000 in dividends in 2016. Aside from the dividend income, Tyson Corporation earned $400,000 in income from its ordinary operations during the year.

Maya Enterprises (a corporate taxpayer) owns 15 percent of Tiger Corporation. Maya Enterprises earned $2 million from its ordinary operations during 2016. Tiger Corporation paid out a total of $1 million in dividends to all its owners, giving each owner a dividend in proportion to its ownership percentage.

[1] Hint: We had to determine additional taxes due in the beginning of the class where we determined whether Bron should take the additional fight. This may help you remember how to estimate the additional amount of tax due as opposed to the total tax due in a situation.