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taxation Danika just received her 2020 tax slips from the financial institution that holds her non-registered investments. The slips contain the following information regarding the
taxation
Danika just received her 2020 tax slips from the financial institution that holds her non-registered investments. The slips contain the following information regarding the investment income she received: Interest income: $500 Actual dividends received: $970 Taxable eligible dividends received: $1,338.60 Dividend tax credit for eligible dividends: $201.06 Capital Gains: $680 True/False: Assuming no other sources of income, Danika will declare $$2,150 in total income for 2020. 1 point O True O False True/False: The grossed up amount of dividends is equal to $1,338.60 1 point O True O False Il quilgo.com is sharing your screen. Stop sharing Hide If Danika is in a 23% marginal tax bracket, how much tax can Danika expect to pay on the investment income she received? O $501.08 O $300.02 O $355.39 0 $494.50 O Nothing, since her investment income is less than the basic personal amountStep by Step Solution
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