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Please help me complete form 1 1 2 0 Schedule C based the below information. Please get the Form 1 1 2 0 Schedule C
Please help me complete form Schedule C based the below information. Please get the Form Schedule C from IRS website.
a How much of the dividend payment did Marathon deduct in determining its taxable income?
b Assuming Guy's marginal ordinary tax rate is percent, how much tax will he pay on the $ dividend he received from Marathon Incorporated including the net investment income tax
c What amount of tax will Little Rock Corporation pay on the $ dividend it received from Marathon Incorporated percent dividendsreceived deduction
Note: Round your final answers to the nearest whole dollar amounts.
tablea Amount deductible,Sb Tax paid,Sc Tax paid,$
Required information
The following information applies to the questions displayed below.
Marathon Incorporated a C corporation reported $ of taxable income in the current year. During the year, it distributed $ as dividends to its shareholders as follows:
$ to Guy, a percent individual shareholder.
$ to Little Rock Corporation, a percent shareholder C corporation
$ to other shareholders.
Note: Leave no answer blank. Enter zero if applicable.
d Complete Form Schedule C for Little Rock Corporation to reflect its dividendsreceived deduction use the most recent Form Schedule available
Note: Use the tax rules regardless of the year on the form.
Note: Visit the IRS website and download Form Schedule C Enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save."
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