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John Flynn lives in Nova Scotia. In a given year he earned $1,700 in interest income and $3,000 in dividend income, and realized a $1,800

John Flynn lives in Nova Scotia. In a given year he earned $1,700 in interest income and $3,000 in dividend income, and realized a $1,800 capital gain. Calculate his after-tax income and tax rate for each type of income, assuming that his marginal federal tax rate is 26%, his marginal provincial tax rate is 16.63%, the dividend gross-up factor is 141.2%, the federal dividend tax credit is 16.4% of grossed-up dividends, and the provincial dividend tax credit is 8.33% of grossed-up dividends. (Do not round the intermediate calculations. Round your final answers to 2 decimal places.)

After-tax interest income $

Tax rate on interest income

%
After-tax dividend income $

Tax rate on dividend income

%
After-tax capital gain income $

Tax rate on capital gains income

%

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