Samantha received an eligible dividend in the amount of $2,000. She is in a 50% tax bracket for regular income. How much is Samantha's dividend tax credit? (Assume a dividend tax credit rate of 15%.)

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The dividend tax credit is calculated on the grossed-up amount of the dividend. The gross-up rate for eligible dividends is typically 38%, so the grossed-up dividend is $2,760 ($2,000 * 1.38). The dividend tax credit is then 15% of the grossed-up amount, which is $414 ($2,760 * 0.15).

Samantha Received an Eligible Dividend in the Amount of $2,000