Ravinders marginal federal tax rate is 29 percent. He has a foreign investment that earns $50,000 (Canadian) of non-business income. The government of the foreign country withholds $10,000 of this amount, with the remaining $40,000 being remitted to Ravinder during 2019. By what amount will Ravinders 2019 federal Tax Payable increase as a result of this transaction?

		$ 6,275.
		$ 4,500.
		$14,500.
		$11,600.