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3. Mr. Martin Pabst owns publicly traded shares which, during 2020, paid eligible dividends of $10,200. His Taxable Income for this year exceeds $300,000 and

3. Mr. Martin Pabst owns publicly traded shares which, during 2020, paid eligible dividends of $10,200. His Taxable Income for this year exceeds $300,000 and he lives in a province where the maximum individual tax rate is 16 percent. The provincial tax credit on eligible dividends is equal to 29 percent of the gross up. Determine the total federal and provincial tax that will be payable on these dividends and his after tax retention

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