Individual J received non-eligible dividends totaling $12,000 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?
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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?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 ??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.
- 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 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?Compute the income tax due for 2021 if Yolanda is a resident foreign corporation: P5,750,000 P2,750,000 P8,500,000 P6,800,000
- 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. P27,250Mr. Sotto is a resident citizen who earned the following during the current taxable year: (1) Royalty income from abroad - P120,000; (2) Interest income from his loan extended to his friend living abroad - P30,000; (3) Dividend income from Globe Telecom Inc - P10,000. How much income is subject to regular income tax?Chuck, 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?
- Mateo Lopez is not a resident of Canada. For the current year, Mateo has a worldwide income of $120,000, including $15,000 of employment income earned in Canada and $2,000 of interest received on Canada savings bonds. The remainder of his income was from sources outside of Canada. What amount of income must be reported on Mateo’s Canadian personal income tax return for the current year? Please do fast ASAP fast1)Jorge and Anita, married taxpayers, earn $150,000 in taxable income and $40,000 in interest from an investment in City of Heflin bonds. Using the U.S. tax rate schedule for married filing jointly, how much federal tax will they owe? What is their average tax rate? What is their effective tax rate? What is their current marginal tax rate? (Round your answers to 2 decimal places.)Jorge and Anita, married taxpayers, earn $150,000 in taxable income and $40,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule).2)If Jorge and Anita earn an additional $100,000 of taxable income, what is their marginal tax rate on this income?b.What is their marginal rate if, instead, they report an additional $100,000 in deductions?Carlos 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