during the previous year pcm inc a c corporation purchased 16% common stock of bdc.inc another c corporation from it's only shareholder both pcm & bdc operated in the same industry during the current year bdc.inc distributed $1,000,000 dividends assume that pcms marginal tax rate is 21% what amount of tax will pcm pay on the dividends received from BDC give answer with explanation?
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Answer:
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