During its taxation year a CCPC had the following items of income:

	A Active business income				1,800,000
	B Dividends from a connected CCPC			68,000
	C Dividends from a non-connected CCPC		37,000
	D Dividends from a non-affiliated foreign corporation	18,000
	E Capital gains					23,000
	F Interest income					14,000
	G Personal services business income			48,000

The dividends from the connected CCPC, a 40% owned CCPC corporation, resulted in a dividend refund of $51,000 to the payor corporation.

What would be the Part IV federal tax on dividend income?