Pear Corporation Earned $150,000 of Pre-Tax Income

Pear Corporation earned $150,000 of pre-tax income. The tax rate for the company is 14.5%. The sole shareholder received all of the net earnings in the form of a non-eligible dividend. The shareholder, who lives in Any Province, has a personal tax rate of 50%.
The shareholder is entitled to a total (federal + provincial) dividend tax credit equal to
$21,630. What is the net personal tax owing on the dividend by the shareholder (ignoring all other tax implications) ? (Round all numbers to zero decimal places.)

A) $21,630
B) $53,396
C) $42,495
D) $21,750