Question 2 chapter 6: 5 marks

Irene received the following dividends in 2020:

• an eligible dividend of $4,000
• a non-eligible dividend of $1,500
• a dividend of $850 from a foreign corporation, net of $150 of foreign tax withheld
• a stock dividend of 100 shares; the paid-up capital of the corporation was increased by $10 for each share issued, and the issuing company is a public company

Required:

Indicate the amount to be included in net income for tax purposes in respect of each of the dividends received by Irene in 2020.