Individual H received eligible dividends totaling $15,000 in the current year. What is the amount of the federal dividend tax credit?
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Please help me !! Note: Tax for Canada !!
1. Individual H received eligible dividends totaling $15,000 in the current year. What is the amount of the federal dividend tax credit?
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- Please help me !! Note: Tax for Canada !! Question:- Individual J received non-eligible dividends totaling $12,000 in the current year. What is the amount of the federal dividend tax credit?Marc's total taxable income is 140 000 . What will he have to owe the federal government and quebec government . Finally what is his total tax payable ??Mr. A, a resident citizen, earns the following passive incomes, gross of final taxes: INTEREST INCOME FROM A PESO BANK DEPOSIT - P2,000; INTEREST INCOME FROM A DOLLAR BANK DEPOSIT - $500; CASH DIVIDENDS FROM A DOMESTIC CORPORATION - P40,000. The peso-to-dollar exchange rate is P50:$1. HOW MUCH IS THE TOTAL FINAL TAX PAID ON THE PASSIVE INCOMES EARNED, IN PESOS?*
- During 2020, Mr. Franz Schlitz receives $23,500 in eligible dividends from Canadian public corporations. His income is such that this additional amount will be taxed at a 29 percent federal rate and a 14 percent provincial rate. On eligible dividends, the province has a dividend tax credit equal to 25 percent of the gross up. Determine the total federal and provincial tax that will be payable on these dividends and his after tax retention.A resident capital company has a tax base of SAR 1,000,000 and Saudi shares in its ownership is 30%. Required: What is the tax due?During 2023, Ms. Rhonda Holland receives $2000 in eligible dividends from taxable Canadian corporations. Her income is such that all additional amounts will be taxed at a 29 percent federal rate and a 14 percent provincial rate. Her provincial dividend tax credit for eligible dividends is equal to 27 percent of the gross up. What is the total federal and provincial dividend tax credit she will be eligible for as a result of these dividends?
- The following interest income are earned by May during the year: a. Interest income earned from bank deposits in the Philippines, P80,000 b. Interest income earned from trade receivables, P20,000 c. Interest income earned from FCDU, P75,000 d. Interest income from government bonds, P40,000 e. Interest income earned from loans to friends abroad, P30,000. 1. If May is a resident citizen, how much is her income subject to final tax? a. P175,000 b. P155,000 c. P195,000 d. P125,000 2. If May is a resident alien, how much is her income subject to basic income tax? a. P90,000 b. P20,000 c. P50,000 d. P60,000 3. If May is a resident alien, how much is her final income tax? a. P11,250 b. P16,000 c. P31,250 d. P27,250Compute the income tax due for 2021 if Yolanda is a resident foreign corporation: P5,750,000 P2,750,000 P8,500,000 P6,800,000Carlos is a resident citizen. He maintains a savings account deposit with the BPI-Baguio City Branch. For the current year, his savings earned a total of P6,000 interest. How much is the final tax on said income? * a. P300 b. P720 c. P1,200 d. P1,500
- Hayden Co, a resident citizen, earned the following interest income gross of applicable taxes: Interest income from PNB, a domestic bank P 40,000 Interest income from SVB, a domestic bank* 30,000 Interest income from THE, a non-resident foreign bank* 20,000 Interest income from XHE, a resident foreign bank* 10,000 *in Philippine Peso…The taxpayer had the following data at the end of the current year: Philippines South Korea Gross profit from sales P3,000,000 P10,000,000 Interest from FC bank deposit 20,000 40,000 Royalties from patents 60,000 100,000 Dividends from domestic corporation 50,000 0 Prizes 12,000 0 Operating expenses 2,000,000 5,000,000 Assuming that the taxpayer is a resident citizen, the taxable income (subject to ordinary income tax) would be: P1,000,000 P6,282,200 P6,000,000 P6,140,000Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule：https://ezto-cf-media.mheducation.com/Media... Q: What is his current marginal tax rate?