Marathon Inc. (a C corporation) reported $1,250,000 of taxable income in the current year. During the year, it distributed $125,000 as dividends to its shareholders as follows: (Leave no answer blank. Enter zero if applicable.)

$6,250 to Guy, a 5 percent individual shareholder.

$18,750 to Little Rock Corp., a 15 percent shareholder (C corporation).

$100,000 to other shareholders.

A. How much of the dividend payment did Marathon deduct in determining its taxable income?

B. Assuming Guys marginal ordinary tax rate is 37 percent, how much tax will he pay on the $6,250 dividend he received from Marathon Inc. (including the net investment income tax)?

C. What amount of tax will Little Rock Corp. pay on the $18,750 dividend it received from Marathon Inc. (50 percent dividends received deduction)?

a.	Amount Deductible	????
b.	Tax Paid	????
c.	Tax Paid	????

e-1 On what line of Little Rock Corp.s Form 1120 page 1 is the dividend from Marathon Inc. reported?

Little Rock Corp. will report the dividend on Form 1120, page 1, line_________

e-2. On what line of Little Rock Corp.s Form 1120 page 1 is its dividends received deduction reported? (Assume 2018 form is same structure as 2017 form.)

Little Rock Corp. will its dividends received deduction on Form 1120, page 1, line__________