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Ms. Daisy Schultz receives $33,500 in eligible dividends from Canadian public corporations. Her income is such that this additional amount will be taxed at a

Ms. Daisy Schultz receives $33,500 in eligible dividends from Canadian public corporations. Her income is such that this additional amount will be taxed at a 29 percent federal rate and a 14 percent provincial rate. On eligible dividends, the province has a dividend tax credit equal to 25 percent of the gross-up. Determine the total federal and provincial tax that will be payable on these dividends and her after-tax retention.

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