AB Increceived a Dividend from CD Corporation and Is Able to to Claim

question 132

Short Answer

AB Inc.received a dividend from CD Corporation and is able to claim a dividends received deduction without limitation.AB owns 10 percent of CD.What is AB's marginal tax rate (to the nearest tenth of a percent)on the dividends received (after taking the DRD into account)assuming its ordinary marginal tax rate is 34%?

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Definitions:

Louis XIV

Known as the "Sun King," he was a monarch of the House of Bourbon who reigned as King of France from 1643 until his death in 1715.

Versailles

A grand palace and symbol of the absolute monarchy of Louis XIV, located near Paris, France, known for its lavish architecture and gardens.

André Le Nôtre

A French landscape architect who is best known for designing the gardens of the Palace of Versailles, exemplifying the French formal garden style.

Park and Gardens

Designed natural spaces, often in urban contexts, that provide recreation and beauty through landscaped areas, plants, and trees.