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During 2020, Mr. Frank Drake receives $24,000 in eligible dividends from Canadian public corporations.His income is such that this additional amount will be taxed at

During 2020, Mr. Frank Drake receives $24,000 in eligible dividends from Canadian public corporations.His income is such that this additional amount will be taxed at a 29 percent federal rate and a 14 percent provincial rate.On eligible dividends, the province has a dividend tax credit equal to 25 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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