QUESTION 7 Marathon Inc. ( C corporation) reported $2,000,000 of taxable income in the current year. During the current year, it distributed $200,000 as dividends to its shareholders as follows: $40,000 to Guy an individual shareholder $20,000 to Little Rock Corp a 10% shareholder (C corporation] $140,000 to other shareholders How much of the dividend payment did Marathon deduct in determining its taxable income? QUESTION B 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? QUESTION 9 Same facts as Question 7 above. Assuming Little Rock Corp.'s marginal tax rate is 21%, what amount of tax will it pay on the dividend it received from Marathon Inc. (50% dividends received deduction)? 2p 2 po