Question

2. During the previous year, PCM Inc., a C corporation, purchased 16 percent common stock of BDC Inc., another C corporation from its only shareholder. Both PCM and BDC operated in the same industry. During the current year, BDC Inc., distributed $1,000,000 dividends. Assume that PCM’s marginal tax rate is 21%. What amount of tax will PCM pay on the dividends received from BDC

Answer 1

Explanation:

Mail and Telegraphic Transfer is another method of sending money from one place to another place by using the letter (mail). The mail transfer (MT) is possible only when the sender (remitter) and the receiver (remittee) both are having bank accounts in the same bank, but at different branches.....I hope help you.......okkkkkkk......thanks....