Question 17 4 points (4 points) For the scenario below, determine the amount of tax that the shareholder receiving the dividend income must pay on the dividend they receive. All entities below te corporation Assume all types of taxable income for a C corporation are taxed at a 21% tax rate. Bogart Initiatives (a corporate taxpayer) owns 95 percent of Strauss & Co. (also a corporate taxpayer). In Year I, Strauss & Co. distributes 54 million cash dividends to all its shareholders in proportion to their ownership percentages. CL $0 of tax on the dividend O $399,000 of tax on the dividend Il None of the above OIV 5279,100 of tax on the dividend