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Help Save & Exit Submit Check my work Required information (The following information applies to the questions displayed below.) Riverbend Inc. received a $252,500 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,550,000 before deducting the dividends received deduction (DRD), a $41,500 NOL Carryover, and a $104,000 charitable contribution. Use Exhibit 16-5. (Round your tax rates to 1 decimal place. Leave no answer blank. Enter zero if applicable.) a. What is Riverbend's deductible DRD assuming it owns 10 percent of Hobble Corporation?
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