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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 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.
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