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Lorin has $ 4 , 0 0 0 of eligible dividend income and $ 1 2 , 0 0 0 of capital gains on her

Lorin has $4,000 of eligible dividend income and $12,000 of capital gains on her equity investment in 2023. Her marginal tax rate is 43.41% and her
effective tax rate is 32.23% for the same year. Assume that she lives in Toronto, is eligible for dividend tax credit and the gross-up rate for eligible
dividends is 38%. Also, the total (federal and provincial combined) dividend tax credit rate is 25.02% for Ontario residents. Calculate the amount of taxes
she'll pay on her dividend income and capital gains combined from her equity investment. (Do not use the $ sign. If your answer is $12,345.67, enter
12345.67).
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