11. An investor received $100 in capital gains and $100 in dividends from a taxable Canadian Corporation. Assuming a 26% Federal Tax Bracket, what is the total amount of tax she'd have to pay from both sources of income? a) $23.15 b) $27.45 c) $30.65 d) $39.00

11. An investor received $100 in capital gains and $100 in dividends from a taxable Canadian Corporation. Assuming a 26% Federal Tax Bracket, what is the total amount of tax she'd have to pay from both sources of income? a) $23.15 b) $27.45 c) $30.65 d) $39.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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11. An investor received $100 in capital gains
and $100 in dividends from a taxable
Canadian Corporation. Assuming a 26%
Federal Tax Bracket, what is the total amount
of tax she'd have to pay from both sources of
income? a) $23.15 b) $27.45 c) $30.65 d)
$39.00

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