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How much tax should be payable from Monster Inc

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Question - Monster Inc. owns 66 2/3 % of Scarem Co. Scarem pays 100,000 in dividends, of which $ 66,667 goes to Monster Inc. Based on their Refundable dividend tax on hand being $21,000 Scarem receives a dividend refund of $21,000. From these transactions, how much tax should be payable from Monster Inc?

a. $21,000

b. $14,000

c. $7,000

d. $25,554

Reference no: EM132796031

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