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In the current tax year, the Oak Family Trust received eligible dividends of $367,000. In additions, it received non-eligible dividends from a CCPC of $108,000.

In the current tax year, the Oak Family Trust received eligible dividends of $367,000. In additions, it received non-eligible dividends from a CCPC of $108,000. The Oak Family Trust also had a capital gain of $47,000 on the disposition of investments. The only beneficiary of the trust is Ash Ketchum. In the current year, $210,000 of the eligible dividends, all of the non-eligible dividends, and all of the $47,000 capital gain were distributed to Ash. 12:38 Indicate the effects of these transactions on the NIFTP for the Trust (after the allocation to the beneficiary) in the current year Reminder: Gross-up on eligible dividends = 38%; Gross-up on non-eligible dividends = 15% (Ignore the dividend tax credit). 1 I Numeric answer Type your response #+= | ABC LO The 2 3 JOB: JOD ? 4 5 I 6 space I'm 7 8 9 0 $ & @ !" send II X
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In the current tax year, the Oak Family Trust received eligible dividends of $367,000. In additions, it received non-eligible dividends from a CCPC of $108,000. The Oak Family Trust also had a capital gain of $47,000 on the disposition of investments. The only beneficiary of the trust is Ash Ketchum. In the current year, $210,000 of the eligible dividends, all of the non-eligible dividends, and all of the $47,000 capital gain were distributed to Ash. Indicate the effects of these transactions on the NIFTP for the Trust (after the allocation to the beneficiary) in the current year Reminder: Gross-up on eligible dividends =38%; Gross-up on non-eligible dividends =15% (Ignore the dividend tax credit)

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