Question: Please help me complete form 1 1 2 0 Schedule C based the below information. Please get the Form 1 1 2 0 Schedule C

 Please help me complete form 1120 Schedule C based the below
Please help me complete form 1120 Schedule C based the below information. Please get the Form 1120 Schedule C from IRS website.
a. How much of the dividend payment did Marathon deduct in determining its taxable income?
b. Assuming Guy's marginal ordinary tax rate is 37 percent, how much tax will he pay on the $6,750 dividend he received from Marathon Incorporated (including the net investment income tax)?
c. What amount of tax will Little Rock Corporation pay on the $20,250 dividend it received from Marathon Incorporated (50 percent dividends-received deduction)?
Note: Round your final answers to the nearest whole dollar amounts.
\table[[a. Amount deductible,S,0],[b. Tax paid,S,1,607],[c. Tax paid,$,2,126]]
Required information
[The following information applies to the questions displayed below.]
Marathon Incorporated (a C corporation) reported $1,350,000 of taxable income in the current year. During the year, it distributed $135,000 as dividends to its shareholders as follows:
$6,750 to Guy, a 5 percent individual shareholder.
$20,250 to Little Rock Corporation, a 15 percent shareholder (C corporation).
$108,000 to other shareholders.
Note: Leave no answer blank. Enter zero if applicable.
d. Complete Form 1120 Schedule C for Little Rock Corporation to reflect its dividends-received deduction (use the most recent Form 1120 Schedule C available).
Note: Use the 2023 tax rules regardless of the year on the form.
Note: Visit the IRS website and download Form 1120 Schedule C. Enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save."
information. Please get the Form 1120 Schedule C from IRS website. a.

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