Thompson Inc. has just paid $2.50 in dividends. Determine the after tax dividend received and the average tax rate given the following tax information: 25% gross up; federal tax rate is 29%; 14% federal tax credit ; 16% provincial tax rate; 6% provincial tax credit
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Thompson Inc. has just paid $2.50 in dividends. Determine the after tax dividend received and the average tax rate given the following tax information: 25% gross up; federal tax rate is 29%; 14% federal tax credit ; 16% provincial tax rate; 6% provincial tax credit
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