In 2018 Larry's taxable income is $51,000, he received $550 in dividends from a Canadian-controlled private corporation. Using the federal tax rates below, how much net federal tax will Larry pay on his dividend income? Taxable income Federal Tax Rate Up to $40,970 15% $40,971 to $81,941 22% $81,942 to $127,021 26% More than $127,021 29%.

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