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Its not receveable for sure already to the test and got it wrong
Answer:
The answer is: D) Crimson’s dividends received deduction is $21,000
Explanation:
The dividends received deduction (DRD) allows a company that earns dividends from another company, to deduct those earnings (dividends) from its income tax.
The three tiers of possible deductions are:
- If the company owns ≤20% of the second company, it can deduct 70% of the dividends received.
- If the company owns ˃20% but ≤80% of the second company, it can deduct 80% of the dividends received.
- If the company owns ˃80% of the second company, it can deduct 100% of the dividends received.
Since Crimson owned 15% of the second company, then it can deduct 70% of the dividends it received, which equals $21,000 ($30,000 x 70%).
Answer:
8.90%
Explanation:
D = $3.80
P = $42.70
Tax = 21%
R =?
from the given information the dividend model is to be used
P = D1/r-g
42.70 = 3.80/r-0
42.70r =3.80
r =3.80/42.70
r =0.8899/8.90%
