Question 6 of 50 >> 7 KB Question 6 5 points Save Answer 11. 1 KB During 2020, Mr. Frank Drake receives $24,000 in eligible dividends from Canadian public corporations. His 7 KB income is such that this additional amount will be taxed at a 29 percent federal rate and a 14 percent provincial 2 KB 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 his after tax retention 5 KB 67. 04