Required information [The following information applies to the questions displayed below.) Riverbend Inc. received a $240,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,710,000 before deducting the dividends received deduction (DRD), a $153,000 charitable contribution. (Leave no answer blank, Enter zero if applicable. Round tax rates to 1 decimal place.) a. What is Riverbend's deductible DRD assuming it owns 10 percent of Hobble Corporation? Deductible DRD Required information [The following information applies to the questions displayed below.) Riverbend Inc. received a $240,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,710,000 before deducting the dividends received deduction (DRD), a $153,000 charitable contribution (Leave no answer blank. Enter zero if applicable. Round tax rates to 1 decimal place.) b. Assuming Riverbend owns 10 percent of Hobble Corporation, what is Riverbend's tax rate on the dividend, taking into account the DRD? Efective tax rate Required information (The following information applies to the questions displayed below.) Riverbend Inc. received a $240,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,710,000 before deducting the dividends received deduction (DRD), a $153,000 charitable contribution. (Leave no answer blank. Enter zero if applicable. Round tax rates to 1 decimal place.) c. What is Riverbend's DRD assuming it owns 60 percent of Hobble Corporation? DRD Required information [The following information applies to the questions displayed below.) Riverbend Inc. received a $240,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,710,000 before deducting the dividends received deduction (DRD), a $153,000 charitable contribution. (Leave no answer blank, Enter zero if applicable. Round tax rates to 1 decimal place.) d. Assuming Riverbend owns 60 percent of Hobble Corporation, what is Riverbend's tax rate on the dividend, taking into account the DRD? Tax rate Required information [The following information applies to the questions displayed below.) Riverbend Inc. received a $240,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,710,000 before deducting the dividends received deduction (DRD), a $153,000 charitable contribution. (Leave no answer blank. Enter zero if applicable. Round tax rates to 1 decimal place.) e. What is Riverbend's DRD assuming it owns 85 percent of Hobble Corporation (and is part of the same affiliated group)? DRD Required information (The following information applies to the questions displayed below.) Riverbend Inc. received a $240,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,710,000 before deducting the dividends received deduction (DRD), a $153,000 charitable contribution (Leave no answer blank. Enter zero if applicable. Round tax rates to 1 decimal place.) t. Assuming Riverbend owns 85 percent of Hobble Corporation, what is Riverbend's tax rate on the dividend, taking into account the DRD? Tax rate
