Your salary income in 2011 is $110,000. Assume for simplicity that you have no deductions and that
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Your salary income in 2011 is $110,000. Assume for simplicity that you have no deductions and that you only have basic personal tax credits.
Assume also that you have a dividend income of $5,000. What is the amount of income tax (federal and Ontario) that you have to pay?
How much of that total is due to the dividend income? What is your marginal tax rate on dividend income?
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Tamil Elakkiya Rajendran
I'm currently involved in the research in the field of Biothermodynamics, Metabolic pathway analysis and computational Biology. I always prefer to share my knowledge whatever I have learnt through my degree whenever time permits.
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