Felicia Hong received dividends of $8417.74 from her investment in 2023 in her taxable

2 months ago
13

Felicia Hong received dividends of $8417.74 from her investment in 2023 in her taxable brokerage account. Calculate the amount of tax she will have to pay on these dividends bi following information:
Gross-up percent 38%
Combined Federal and Manitoba Tax Rate on Ordinary Income 49.18%
Federal Dividend Tax Credit 15.0198%
Manitoba Dividend Tax Credit 8%

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#Dividends
#Investment

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