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You are Canadian resident and earned $10,000 of dividend income from a Canadian controlled company. For the year, your marginal federal tax rate was 22%.
You are Canadian resident and earned $10,000 of dividend income from a Canadian controlled company. For the year, your marginal federal tax rate was 22%. The dividend gross-up percentage was 38% and dividend tax credit was 15%. How much federal income taxes will you pay for your dividend income (nearest penny ($0.01) without dollar sign ($) or comma, e.g. 512.60)
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