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Sharukh's marginal federal tax rate is 29 percent.She lives in a province where her provincial marginal tax rate is 17.5 percent and the provincial dividend
Sharukh's marginal federal tax rate is 29 percent.She lives in a province where her provincial marginal tax rate is 17.5 percent and the provincial dividend tax credit is 31 percent of the dividend gross up.If Sharukh receives an eligible dividend of $16,000 from a Canadian public corporation in 2019, how much will she pay in income tax?
a) $6,150.
b) $2,827.
c) $5,066.
d) $8,382.
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