Gail receives a distribution of $5,400 from her mutual fund holdings. Of this amount, $2,600 is considered capital gains while $2,800 is considered dividends from eligible Canadian corporations. If Gail's marginal tax rate is 36%, how much tax does she pay on the capital gains portion of her distribution? Question 5 options: $468 $1,008 $972 $936

Answer rating: 100% (QA)

The detailed answer for the above question is provided below ... View the full answer