Toni's marginal federal tax rate in 29% She lives in a province where her provincial marginal tax rate is 16.0%, and the provincial dividend tax credit is 31.9% of the dividend gross up. If Toni receives an eligible dividend of $22650 from a Canadian public corporation in 2019, how much will she pay in income tax?
Toni's marginal federal tax rate in 29% She lives in a province where her provincial marginal tax rate is 16.0%, and the provincial dividend tax credit is 31.9% of the dividend gross up. If Toni receives an eligible dividend of $22650 from a Canadian public corporation in 2019, how much will she pay in income tax?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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