You Own 50 Units of a Real Estate Investment Trust

question 86

Multiple Choice

You own 50 units of a real estate investment trust (REIT) and 50 shares of a public corporation.The REIT earns $6.00 per unit.The corporation earns $4.00 per share before taxes.The corporate tax rate is 25%,your personal tax rate is 35%,and the tax rate on dividend income is 15%.What is the total after-tax income you receive,if your REIT holdings are outside of a TFSA,and your corporation shares are held inside a TFSA?

• A)$273.75
• B)$318.75
• C)$322.50
• D)$345.00
• E)$450.00

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