1. During 2019, Ms. Nicole Sullivan receives $8500 in eligible dividends from taxable Canadian corporations. Her income is such that all additional amounts will be taxed at a 29 percent federal rate and a 13 percent provincial rate. Her provincial dividend tax credit for eligible dividends is equal to 35 percent of the gross up. What is the total federal and provincial tax that will be payable on these dividends (after considering the dividend tax credits)?

Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.

Your Answer:

2.

During 2019, Ms. Rhonda Holland receives $9500 in eligible dividends from taxable Canadian corporations. Her income is such that all additional amounts will be taxed at a 29 percent federal rate and a 18 percent provincial rate. Her provincial dividend tax credit for eligible dividends is equal to 26 percent of the gross up. What is the total federal and provincial dividend tax credit she will be eligible for as a result of these dividends?

Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.

Your Answer: