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What is the taxable income for mr martin

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Reference no: EM132700477

Problem 1: Mr. Martin owns investment in various corporations. During 2020, he received eligible dividends of $10,200 for ABC Corporation and non eligible dividend of $12,500 XYZ Company. He also has investment on 5,000 common shares issued by Melific Ltd. During the current year the company declared a 6% stock dividend which it designates as eligible. At this time the shares are trading at $20 per share.What is the taxable income for Mr.Martin?

Reference no: EM132700477

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