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How much additional federal tax will an individual pay on a $100 eligible dividend if her marginal tax bracket is 20.5%? The dividend gross up

How much additional federal tax will an individual pay on a $100 eligible dividend if her marginal tax bracket is 20.5%? The dividend gross up for eligible dividends is 38%, and the dividend tax credit is 15.0198% of the grossed-up dividend.

Points: 1

  1. $20.50
  2. $7.56
  3. $13.27
  4. $15.02

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