Brian wants an idea of how much federal income tax he will have to pay on last year's investment income. He had three investments: Investment 1: During the year, he bought Meanook Mining shares for a total of $1,000 and sold them for $2,000. Investment 2: He has $1,000 invested in a 5-year GIC that paid 4.5% interest. Investment 3: He has 1,000 shares of Citigroup preferred shares that paid a non-eligible dividend of $1.25 per share. (Because the dividends are non-eligible, use a gross-up of 18% and dividend tax credit of 11.0169% of the grossed-up amount.) Required: How much federal tax will Brian pay on last year's investment income? His federal marginal tax rate for this investment income is 22%