Question: Instructions: Writes clearly and logically to solve the following problem. Problem: Sudhir received $1,200 dividends from shares of an eligible Canadian Corporation. He also received
Instructions: Writes clearly and logically to solve the following problem.
Problem: Sudhir received $1,200 dividends from shares of an eligible Canadian Corporation. He also received dividends in the amount of $1,500 from his shares of Google. Assuming his marginal tax rate is 32%, what would be the amount of total after-tax dividend income from the dividends he received? (round up all numbers when ding calculation) (dividend from eligible Canadian Corporation is subject to a 38% gross-up and a 15.02% tax credit)
(6 marks for a perfect answer)
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