Required information Problem 16-54 (LO 16-2) (Algo) [The following information applies to the questions displayed below] Riverbend incorporated recelved a $412,500 dividend from stock it held in Hobble Corporation Riverbend's taxable income is $2,400,000 before deducting the dividends-recelved deduction (DRD), a $70,500 NOL carryovet, and a $164,000 charitable contribution. Use Exhibit 16.7 Note: Round your tax rates to 2 decimal places. Leave no answer blank. Enter zero if applicable. Problem 16.54 Part d (Algo) d. Assuming that it owns 72 percent of Hobble Corporation, what is Riverbends marginal tax rate on the dividend? Required information Problem 16.54 (LO 16-2) (Algo) [The following information applies to the questions displayed below] Riverbend incorporated received a $412,500 dividend from stock it held in Hobble Corporation Riverbend's taxable income is $2,400,000 before deducting the dividends-received deduction (ORD), a $70,500NOL carryover, and a $164.000 charitable contribution Use Exhibit 16.? Note: Round your tax rates to 2 decimal places. Leave no answer blank. Enter zero if applicable. Problem 16-54 Part c (Algo) c. What is Riverbend's DRD assuming it owns 72 percent of Hobble Corporation? Required information Problem 16.54 (LO 16-2) (Algo) [The following information applies to the questions displayed below] Riverbend incorporated recelved a $412,500 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,400,000 before deducting the dividends-received deduction (DRD), a $70,500 NOL carryove, and a $164,000 charitable contribution. Use Exhibit 16 -? Note: Round your tax rates to 2 decimal places. Leave no answer blank. Enter zero if applicable. roblem 16.54 Part b (Algo) Assming that it owns 10 percent of Hobble Corporation, what is Riverbend's marginal tax rate on the dividend after taking the DRD to account? Required information Problem 16.54 (LO 16-2) (Algo) [The following information applies to the questions displayed below] Riverbend incorporated recelved a $412,500 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,400,000 before deducting the dividends-recelved deduction (DRD), a $70,500 NOL carryover, and a $164,000 charitable contribution Use Exhibit 16.7. Note: Round your tax rates to 2 decimal places. Leave no answer blank, Enter zero if applicable. Problem 16-54 Part e (Algo) e. What is Riverbend's DRD assuming it owns 93 percent of Hobbie Corporation (and is part of the same affilated group)? Required information Problem 16.54 (LO 16.2) (Algo) [The following information applies to the questions dispiayed below] Riverbend Incorporated recelved a $412.500 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,400,000 before deducting the dividends-recelved deduction (DRD), a $70,500 NOL carryover, and a $164,000 chartable contribution. Use Exhibit 16.7 Note: Round your tax rates to 2 decimal places. Leave no answer blank. Enter zero if applicable. Problem 16-54 Part a (Algo) a. What is Riverbend's deductible DRD assuming it owns 10 percent of Hobble Corporation? Required information Problem 16-54 (LO 16-2) (Algo) [The following information applies to the questions dispiayed below] Riverbend incorporated received a $412.500 dividend from stock it held in Hobble Corporation. Riverbends: income is $2,400,000 before deducting the dividends-received deduction (DRD), a $70,500 NOL carryover, and a $164,000 charitable contribution. Use Exhibit 167. Note: Round your tax rates to 2 decimal places. Leave no answer blank. Enter zero if applicable. Problem 16-54 Part f (Algo) f. Assming that it owns 93 percent of Hobble Corporation (and is part of the same affitioted group), whot is Riverbends marginal tax rate on the dividend
