Riverbend Incorporated received a $$222,500$ dividend from stock it held in Hobble Corporation. Riverbend's taxable income is

$$2,800,000$ before deducting the dividends$-$received deduction $($DRD$)$ and a $$147,000$ charitable contribution. Use Exhibit $13-7.$

Note: Round your tax rates to $2$ decimal places. Leave no answer blank. Enter zero if applicable.

Required:

a$.$ What is Riverbend's deductible DRD assuming it owns $10\mathrm{.}5$ percent of Hobble Corporation?

b$.$ Assming that it owns $10\mathrm{.}5$ percent of Hobble Corporation, what is Riverbend's marginal tax rate on the dividend after taking

the DRD into account?

c$.$ What is Riverbend's DRD assuming it owns $79$ percent of Hobble Corporation?

d$.$ Assming that it owns $79$ percent of Hobble Corporation, what is Riverbend's marginal tax rate on the dividend?

e$.$ What is Riverbend's DRD assuming it owns $95$ percent of Hobble Corporation $($and is part of the same affiliated group$)?$

f$.$ Assming that it owns $95$ percent of Hobble Corporation $($and is part of the same affiliated group$),$ what is Riverbend's

marginal tax rate on the dividend?

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Required D

Required $E$

What is Riverbend's deductible DRD assuming it owns $10\mathrm{.}5$ percent of Hobble Corporation?

DRD