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Jake owns 1,000 shares of common stock. They pay a $2.48 dividend per share and are eligible for the enhanced dividend gross-up of 38% and

Jake owns 1,000 shares of common stock. They pay a $2.48 dividend per share and are eligible for the enhanced dividend gross-up of 38% and dividend tax credit of 15.02% of the grossed-up dividend. What will be his dividend tax credit?

$207
$372
$514
$749

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