Determine the amount of after tax income an individual would have under each of the following independant scenarios. For simplicity, we will ignore any provincial income taxes. Show all calcualtions.

A 1,200 in interest income from a savings account in a non registered accounts. The taxpayers marginal tax bracket is 20.5%

B 1,200 in Eligible dividends from a canadian company in a non registered accounts. The taxpayers marignal tax bracket is 20.5%

C 1,200 in non eligible dividends from a canadian company in a non registered account. The taxpayers marginal tax bracket is 20.5%

D 1,200 in interest income from BONDS inside a TFSA. THe taxpayers marginal tax bracket is 20.5%

E Provide an explanation for why the taxes owing by an individual on an eligigle dividend are different from interest income