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During 2023, Ms. Rhonda Holland receives $3500 in eligible dividends from taxable Canadian corporations. Her income is such that all additional amounts will be taxed at a 29 percent federal rate and a 16 percent provincial rate. Her provincial dividend tax credit for eligible dividends is equal to 28 percent of the gross up. What is the total federal and provincial dividend tax credit she will be eligible for as a result of these dividends?
Sagot :
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