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find the answers Sean received eligible dividends of $50,000 from taxable corporations. His income is such that all additional amounts will be taxed at a
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Sean received eligible dividends of $50,000 from taxable corporations. His income is such that all additional amounts will be taxed at a 29 percent and 11.5 percent provincial rate. His provincial dividend tax credit for eligible dividends is equal to 30 percent of the gross up. REQUIRED: Determine the total federal and provincial tax that will be payable on theses dividends and his after tax cash retentionStep by Step Solution
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