Marcus purchased 750 shares of Design Co., a well-established company that provides outsourcing for technological research....

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Marcus purchased 750 shares of Design Co., a well-established company that provides outsourcing for technological research. He paid a total of $15,000 to purchase the shares. On January 8, Design Co. declared a $3.20 dividend per share. The ex-dividend date is January 23, and the dividends are to be paid on March 16. On January 20, he sold 100 shares of the company for $54 per share. Marcus's personal tax rate is 35 percent (federal and provincial tax combined). a. Given that capital gains are taxed at 50 percent, how much tax will Marcus pay for the sale of shares? (Omit $ sign in your response.) Tax bill b. Assuming dividends are grossed up at 38 percent and the total dividend tax credit is equal to 20 percent of the grossed-up dividends, how much tax will Marcus pay on the cash dividends received from Design Co.? (Omit $ sign in your response.) Total tax $ c-1. What is his total tax obligation? (Omit $ sign in your response.) Obligation tax rate $ c-2. If a stock dividend were paid instead of a cash dividend? (Omit $ sign in your response.) Stock dividend Marcus purchased 750 shares of Design Co., a well-established company that provides outsourcing for technological research. He paid a total of $15,000 to purchase the shares. On January 8, Design Co. declared a $3.20 dividend per share. The ex-dividend date is January 23, and the dividends are to be paid on March 16. On January 20, he sold 100 shares of the company for $54 per share. Marcus's personal tax rate is 35 percent (federal and provincial tax combined). a. Given that capital gains are taxed at 50 percent, how much tax will Marcus pay for the sale of shares? (Omit $ sign in your response.) Tax bill b. Assuming dividends are grossed up at 38 percent and the total dividend tax credit is equal to 20 percent of the grossed-up dividends, how much tax will Marcus pay on the cash dividends received from Design Co.? (Omit $ sign in your response.) Total tax $ c-1. What is his total tax obligation? (Omit $ sign in your response.) Obligation tax rate $ c-2. If a stock dividend were paid instead of a cash dividend? (Omit $ sign in your response.) Stock dividend