Mini-Case E: (1.5 marks-.5 marks each) Wang has an effective tax rate of 25%. He receives $250 in eligible dividends and $200 in non-eligible dividends during the 2019 tax year. To calculate the federal dividend tax credit, he has to gross-up the total dividends he receives. The gross-up percentages are 38% for eligible dividends and 15% for non- eligible dividends. a) Calculate Wang's Federal total income for dividends. (.5 mark) Calculate: (.5 mark) Page 7 of 10 b) Calculate Wang's taxes on these dividends. (.5 mark) Calculate: (.5 mark) c) Calculate the federal dividend tax credit as a percentage of taxable dividends when the dividend tax credit is 15.0198% for eligible dividends and 9.0301% for non-eligible dividends. (.5 mark) Calculate:(.5 mark) d) Show Wang's overall taxes payable after applying the dividend tax credit. (5 mark) Calculate: (.5 mark) The End