\Benchmark,Inc. ,a U.S.shareholder owns 100% of a CFC from which Benchmark receives a $3 million cash distribution.The CFC's E & P is composed of the following amounts. 
Benchmark recognizes a taxable dividend of:
Definitions:
Funds Flow
The movement of money into and out of an organization, project, or financial product, typically analyzed for assessing financial health.
Excise Tax
A tax on the sale or use of specific products or transactions.
Excise Tax
A tax levied on specific goods or activities, such as alcohol, tobacco, and gasoline, often intended to discourage their use or to raise revenue.
Sales Tax
A tax imposed by governments on the sale of goods and services, adding on to the purchase price paid by consumers.
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