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Marathon Inc. (a C corporation) reported $2,500,000 of taxable income in the current year. During the current year, it distributed $250,000 as dividends to its

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Marathon Inc. (a C corporation) reported $2,500,000 of taxable income in the current year. During the current year, it distributed $250,000 as dividends to its shareholders as follows: $50,000 to Guy an individual shareholder. $25,000 to Little Rock Corp. a 10% shareholder (C corporation) $175,000 to other shareholders. How much of the dividend payment did Marathon deduct in determining its taxable income? Same facts as Question 7 above. Assuming Guy's marginal ordinary tax rate is 37%, how much tax will he pay on the dividend he received from Marathon Inc. (including the net investment income tax)

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