Question 10 Freddy receives $17,000 non-eligible dividend from a taxable Canadian corporation. His combined tax rate 41%
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Question:
Question 10
Freddy receives $17,000 non-eligible dividend from a taxable Canadian corporation. His combined tax rate 41% (29% federal and 12% provincial). If federal and provincial combined tax credit 84.5% of the gross-up amount, Freddys net federal and provincial tax payable is?
a. $5,713
b. $5,861
c. $8,085
d. $4,930
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