(7 Marks) You have been able to save some money and are looking to make an investment. You would like to make a wise investment and are considering a number of options. Required: Based on the following independent scenarios determine the amount of after tax income you would earn from each investment option for 2017. Assume that investment is made on January 1, 2017. For simplicity, we will ignore any provincial income taxes. Show all calculations. Amount of funds available for investment Marginal tax bracket $64,000 26.0% a) Investment option #1 is to put the funds in a high interest saving account (non-registered account) at your local bank Interest Rate on High Interest Saving Account 4% b) Investment option #2 is to invest in shares from a Canadian Company in a Non-Registered Account. Eligible Dividends would be received in the amount of $2,560 c) Investment option #3 is to invest in shares from a Canadian Company in a Non-Registered Account. Non-eligible Dividends would be received in the amount $2,560 d) Investment option #4 is to invest in Bonds inside a TFSA. Interest Rate on the bonds are 4% e) Explain why the after tax income is different from an Non-eligible dividend in option #3 than from interest income in option #1. (7 Marks) You have been able to save some money and are looking to make an investment. You would like to make a wise investment and are considering a number of options. Required: Based on the following independent scenarios determine the amount of after tax income you would earn from each investment option for 2017. Assume that investment is made on January 1, 2017. For simplicity, we will ignore any provincial income taxes. Show all calculations. Amount of funds available for investment Marginal tax bracket $64,000 26.0% a) Investment option #1 is to put the funds in a high interest saving account (non-registered account) at your local bank Interest Rate on High Interest Saving Account 4% b) Investment option #2 is to invest in shares from a Canadian Company in a Non-Registered Account. Eligible Dividends would be received in the amount of $2,560 c) Investment option #3 is to invest in shares from a Canadian Company in a Non-Registered Account. Non-eligible Dividends would be received in the amount $2,560 d) Investment option #4 is to invest in Bonds inside a TFSA. Interest Rate on the bonds are 4% e) Explain why the after tax income is different from an Non-eligible dividend in option #3 than from interest income in option #1