Monster Inc. owns 66 2/3 % of Scarem Co. Scarem pays 100,000 in dividends, of which $ 66,667 goes to Monster Inc.Based on their Refundable dividend tax on hand being $21,000 Scarem receives a dividend refund of $21,000.

From these transactions, how much Part IV tax should be payable from Monster Inc.

Question 1 options:

$21,000

$14,000

$7,000

$25,554