Jude Lee resides in a province and has sufficient employment income that places her in the 29% federal income tax bracket and the 14% provincial income tax bracke for any additional income. The provincial dividend tax credit is 27% on eligible dividends. If she receives a $28,000 eligible dividend from a taxable Canadian corporation, how much of that amount will she retain after income tax is paid on that amount?

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To calculate the amount Jude Lee will retain after income tax is paid on the 28000 eligible dividend ... View the full answer