In 2012 Simon received $1,320 in dividend income from Prime Co., a taxable Canadian corporation....
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In 2012 Simon received $1,320 in dividend income from Prime Co., a taxable Canadian corporation. Simon has a marginal tax rate of 36%. What tax will he pay on the dividend? (Assume a 38% gross-up, the dividend tax credit is 25% and the foreign withholding tax is 15%). a) $200.38 Ob) $402.57 Oc) $145.20 d) $170.32
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