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What is the taxable income for Mr Martin

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Question - 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: EM132721163

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