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Calculate the income taxes payable

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Reference no: EM132995739

Problem 1: You have just received a dividend of $100 from a large Canadian corporation. Your federal marginal tax rate is 26%. The gross up is 38% and the dividend tax credit is 0.150198. Calculate the income taxes payable

Select one:

a. $20.73
b. $15.15
c. $35.88
d. $13.00

Reference no: EM132995739

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