Compare and contrast the treatment of the dividend by otter

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Marmot Corporation pays a dividend of $400,000, in 2001. Otter Corporation, which is in the 35% marginal bracket, owns 25% of Marmont's stock. Gerald, an individual taxpayer in the 35% marginal bracket, also owns 25% of Marmont's stock. Compare and contrast the treatment of the dividend by Otter Corporation and Gerald.

Reference no: EM13132914

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