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Jake Baxter donated $20,000 in cash to a Canadian registered charity. His net income and taxable income for the year is $120,000. Calculate Jake's maximum

Jake Baxter donated $20,000 in cash to a Canadian registered charity. His net income and taxable income for the year is $120,000. Calculate Jake's maximum federal donation tax credit.

$4,200.

$8,400.

$5,772.

$6,220.

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