Reference no: EM131215518
Marathon Inc. (a C corporation) reported $1,000,000 of taxable income in the current year. During the year, it distributed $100,000 as dividends to its shareholders as follows:
$5,000 to Guy, a 5 percent individual shareholder.
$15,000 to Little Rock Corp. a 15 percent shareholder (C corporation).
$80,000 to other shareholders.
a. How much of the dividend payment did Marathon deduct in determining its taxable income
Amount deductible $ 0
b. Assuming Guy s marginal ordinary tax rate is 35 percent, how much tax will he pay on the $5,000 dividend he received from Marathon Inc.
Amount deductible $ 750
c. Assuming Little Rock Corp. s marginal tax rate is 34 percent, what amount of tax will it pay on the $15,000 dividend it received from Marathon Inc. (70 percent dividends received deduction)
Amount deductible $ 1,530
Attachment:- Dividend.rar
|
Understand obstacles which tim horton experienced
: For this case study, you are to conduct web-based research in an attempt to understand the obstacles which Tim Horton's experienced in their attempt to expand from Canada into the US, as well as their reasons for expansion, competition faced, and ..
|
|
Provide insight into likelihood of certain threats occurring
: Once the protocols have been analyzed, students will synthesize this knowledge to provide insight into the likelihood of certain threats occurring. The skills acquired from this exercise will prove to be beneficial during the final stages of design..
|
|
Compute the four ratios for your company
: Compute the four ratios above for your company and determine which rating is closest for each ratio (the numbers in the table are medians, not floors and ceilings) and "Guess" what the company's overall rating would be based on the four ratios.
|
|
Exploratory field trips to cities like beijing shanghai
: What role might exploratory field trips to cities like Beijing shanghai be able to play . What data can collect from the trip. How might such data contribute to the decision whether to enter those markets. What are the benefits of the exploratory ..
|
|
How much of the dividend payment did marathon deduct
: How much of the dividend payment did Marathon deduct in determining its taxable income. - how much tax will he pay on the $5,000 dividend he received from Marathon Inc.
|
|
Legal or political information
: Pick a country of your choice and demonstrate what type of legal or political information you would have to collect to be able to advertise a product within the country. You may pick any kind of product for your example and you may consider any me..
|
|
Determine who the target market
: Determine who the target market is for this advertising campaign. Using the AIDA model determine how the advertising campaign aligns with this model.
|
|
Search for information on firm
: Select a company that interests you (which may be the company where you aspire to work) and search for information on this firm in our excellent library resources and on the Internet.
|
|
Reviews should include synopsis and your opinion of article
: Write a 2-3 page review of a scholarly article addressing non verbal communication. Reviews should include a synopsis and your opinion of the article.
|