Jen Louzon has sufficient employment income that she is in the
29 percent federal tax bracket and the 14 percent provincial tax
bracket for any additional income. The provincial dividend tax
credit is 27 percent on eligible dividends. If she receives a
$24,000 eligible dividend from a taxable Canadian corporation, how
much will she retain after taxes?
A
$8,382.
B
$2,827.
C
$6,150.
D
$5,066.
Jen Louzon has sufficient employment income that she is in the 29 percent federal tax bracket and the 14 percent provinc
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