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Sean received eligible dividends of $50,000 from taxable corporations. His income is such that all additional amounts will be taxed at a 29 percent and

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Sean received eligible dividends of $50,000 from taxable corporations. His income is such that all additional amounts will be taxed at a 29 percent and 11.5 percent provincial rate. His provincial dividend tax credit for eligible dividends is equal to 30 percent of the gross up. REQUIRED: Determine the total federal and provincial tax that will be payable on theses dividends and his after tax cash retention Edit View Insert Format Tools Table Sean received eligible dividends of $50,000 from taxable corporations. His income is such that all additional amounts will be taxed at a 29 percent and 11.5 percent provincial rate. His provincial dividend tax credit for eligible dividends is equal to 30 percent of the gross up. REQUIRED: Determine the total federal and provincial tax that will be payable on theses dividends and his after tax cash retention Edit View Insert Format Tools Table

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