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Required information [The following information applies to the questions displayed below.j Riverbend Inc. received a $300,000 dividend from stock it held in Hobble Corporation. Riverbend's
Required information [The following information applies to the questions displayed below.j Riverbend Inc. received a $300,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,980,000 before deducting the dividends received deduction (DRD), a $41,000 NOL carryover, and a $182,000 charitable contribution. Use Exhibit 16-6. (Round your tax rates to 1 decimal place. Leave no answer blank. Enter zero if applicable.) d. Assuming the facts in part (c), what is Riverbend's marginal tax rate on the dividend? Answer is complete but not entirely correct Marginal tax 6.8 o 1 % ate Required information [The following information applies to the questions displayed below.j Riverbend Inc. received a $300,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,980,000 before deducting the dividends received deduction (DRD), a $41,000 NOL carryover, and a $182,000 charitable contribution. Use Exhibit 16-6. (Round your tax rates to 1 decimal place. Leave no answer blank. Enter zero if applicable.) d. Assuming the facts in part (c), what is Riverbend's marginal tax rate on the dividend? Answer is complete but not entirely correct Marginal tax 6.8 o 1 % ate
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