Question

Required information [The following information applies to the questions displayed below.] Riverbend Inc. received a $200,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,100,000 before deducting the dividends received deduction (DRD), a $40,000 NOL carryover, and a $100,000 charitable contribution. Use Exhibit 16-6. (Round your tax rates to 1 decimal place. Leave no answer blank. Enter zero if applicable.) b. Assuming the facts in part (a), what is Riverbend's marginal tax rate on the dividend? Marginal tax rate [ %

Answer 1

ba Mooginal tax date [10.2] % Based on the Pts level of taxable Pucone , Reveobend's naogpral tax pale P 3u7So, Pts maog anal fax sale on the devedend cofter tak Png the DRD Poto account BS computer as follows: (C$200,000-$140,000)x0-34] / $ 200.000 - 10.29.