Riverbend Inc. received a $220,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $3,020,000 before deducting the dividends received deduction (DRD), a $53,500 NOL carryover, a $23,500 domestic production activities deduction, and a $189,000 charitable contribution. (Use Corporate Tax Rate Table.)

a.	What is Riverbends deductible DRD assuming it owns 15 percent of Hobble Corporation?

b.

Assuming the facts in part (a), what is Riverbends marginal tax rate on the dividend?

c.	What is Riverbends DRD assuming it owns 48 percent of Hobble Corporation?

d.	Assuming the facts in part (c), what is Riverbends marginal tax rate on the dividend?

e.	What is Riverbends DRD assuming it owns 92 percent of Hobble Corporation (and is part of the same affiliated group)?

f.	Assuming the facts in part (e), what is Riverbends marginal tax rate on the dividend?