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Required: a . How much of the dividend payment did Marathon deduct in determining its taxable income? b . Assuming Guy's marginal ordinary tax rate

Required:
a. How much of the dividend payment did Marathon deduct in determining its taxable income?
b. Assuming Guy's marginal ordinary tax rate is 37 percent, how much tax will he pay on the $7,250 dividend he received from
Marathon Incorporated (including the net investment income tax)?
c. What amount of tax will Little Rock Corporation pay on the $21,750 dividend it received from Marathon Incorporated (50
percent dividends-received deduction)?
Note: Round your final answers to the nearest whole dollar amounts.
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