Riverbend Inc. received a $367,500 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,450,000 before deducting the dividends received deduction (DRD), a $60,500 NOL carryover, and a $138,000 charitable contribution.

What is Riverbends deductible DRD assuming it owns 10 percent of Hobble Corporation? Assuming these facts, what is Riverbends effective tax rate on the dividend?

What is Riverbends DRD assuming it owns 36 percent of Hobble Corporation? Assuming these facts, what is Riverbends marginal tax rate on the dividend?

What is Riverbends DRD assuming it owns 89 percent of Hobble Corporation (and is part of the same affiliated group)? Assuming these facts, what is Riverbends marginal tax rate on the dividend?

Receiving Corporation's Stock Dividends Received Deduction Percentage 50% Ownership in Distributing Corporation's Stock Less than 20 percent At least 20 percent but less than 80 percent 80 percent or more22 65 100