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Johanne is the policyholder of a whole life participating policy. The dividend option on her policy is paid-up additions (PUA). This year, while her policy's
Johanne is the policyholder of a whole life participating policy. The dividend option on her policy is paid-up additions (PUA). This year, while her policy's adjusted cost base (ACB) was $3,000, the annual dividend amount was $9,000. Assuming Johanne's marginal tax rate is 50%, how much income tax will she pay on her policy dividend this year? TUSDT2ZzeE9GcTM2N2VrcndSeUNBQT09 a. O $4,500 b. O . d. O $3,000 $1,500 $0
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