What is the federal tax payable on Sarah dividend income

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Question - Sarah is in a 29% federal tax bracket. She earned $11,000.00 of investment income on 2019. The breakdown is as follow:

Interest income $2,000.00

Capital gains $5,000.00

Dividends $3,000.00 from taxable Canadian Corporation assume that the current dividend gross up is 38% and the federal dividend tax credit is 15%. What is the federal tax payable on Sarah's dividend income?

Reference no: EM133148831

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