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Suppose that you own 1 0 0 shares of XYZ Corp. The firm pays a quarterly dividend of $ 1 . 2 5 per share.

Suppose that you own 100 shares of XYZ Corp. The firm pays a quarterly dividend of $1.25 per share. If you are in a 41% income tax bracket, how much tax will you owe on your annual dividend income? (Assume that XYZ is a Canadian corporation and that it pays eligible dividends.)

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