Income $0 - $15,000 $15,001 - $50,000 $50,000 and above Tax Owed 10.5% 8% 6.5% The information on the chart above is consistent with which type of tax system? A) progressive B) regressive proportional D) sales​

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?