Xavier Corporation Has Declared a $4 Per Share in Dividends

question 59

Essay

Xavier Corporation has declared a $4 per share in dividends.The federal tax rate is 26% and the provincial tax rate is 13.39%.Federal and Provincial tax credits are 13.33% and 5.1% respectively on the grossed up amount of the dividend.The gross up amount is 25%.Determine the after tax dividend income.

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A progressive neurological disorder that causes brain cells to waste away and die, leading to memory loss and cognitive decline.

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