Question: Question 3 1 ( 1 point ) Elly earned $ 8 , 5 0 0 in dividends from a Canadian - controlled private corporation (

Question 31(1 point)
Elly earned $8,500 in dividends from a Canadian-controlled private corporation (CCPC). Her federal marginal tax rate is 26%; her provincial marginal tax rate is 11.16%. She lives in a province where the provincial dividend tax credit is 5.13%. Ignoring surtaxes, what amount does Elly retain after-tax from this dividend income?
$4,797.67
$5,130.33
$6,251.75
$7,200.50
 Question 31(1 point) Elly earned $8,500 in dividends from a Canadian-controlled

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!