Calculate after-tax income and tax rate

Assignment Help Financial Management

Reference no: EM131994042

John Flynn lives in Nova Scotia. In 2014 he earned $1,500 in interest income and $3,000 in dividend income, and realized a $2,000 capital gain. Calculate his after-tax income and tax rate for each type of income, assuming that his marginal federal tax rate was 26%, his marginal provincial tax rate was 16.67%, the dividend gross-up factor is 141%, the federal dividend tax credit is 15.02% of grossed-up dividends, and the provincial dividend tax credit is 8.85% of grossed-up dividends.

Reference no: EM131994042

Questions Cloud

What is the best estimate of the equity beta : What is the "best estimate" of the equity beta for TT? What is the required return on equity for TT?

Analysis using net present value-internal rate of retun : Provide a Capital Investment Appraisals (CIA) analysis using Net Present Value (NPV), Internal Rate of Return (IRR)

What is best estimate of the stock current market value : The required return on this low-risk stock is 9.00%. What is the best estimate of the stock’s current market value?

What will the required return on equity be after repurchase : An all-equity firm with a market value of $3,500,000 is considering a restructuring, What will the required return on equity be after the repurchase?

Calculate after-tax income and tax rate : Calculate his after-tax income and tax rate for each type of income, assuming that his marginal federal tax rate was 26%,

Constant dividend model-what will be price in three years : What is the current stock price (P0)? What will be the price in three years (P3)?

Security percent of portfolio return : Security Percent of portfolio Return Stock A 57% 0.0% Stock B 16% 16.4% Stock C Please calculate it 7.0% Calculate the expected return of portfolio.

What is your estimate of current stock price : What is your estimate of the current stock price (P0)? What is the target stock price in year 4 (P4)?

What is the capital gain yield and dividend yield : What is the required return (r)? What is the dividend yield? What is the capital gain yield?

User Account

All Pages