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Investco Ltd . , a private corporation, received dividend income from taxable Canadian corporations during its year ended December 3 1 , 2 0 2

Investco Ltd., a private corporation, received dividend income from taxable Canadian corporations during its year ended December 31,
2023, as follows.
Investco Ltd. owns 50% of the issued shares of Subsidiary. Subsidiary's dividend refund for its year ended December 31,2023 was
$4,500.
Portfolio dividends from public corporations $50,000
Required:
Calculate the Part IV tax payable by Investco Ltd. for its year ended December 31,2023.(Use 0.3833 when multiplying by 38.33%
and round your answers to the nearest whole number. Enter all numbers as positive amounts. If an amount should be zero, enter
"0".)
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