Pear Corporation earned $150,000 of pre-tax income in 2018.The tax rate for the company is 13%.The sole shareholder received all of the net earnings in the form of a non-eligible dividend in 2018.The shareholder,has a personal tax rate of 50%.Supposing the shareholder is entitled to a total (federal + provincial)dividend tax credit equal to $20,000,what is the net personal tax owing on the dividend (ignoring all other tax implications)? (Round all numbers to zero decimal places.)

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The Answer of Pear Corporation earned $150,000 of pre-tax income in 2018.The tax rate for the company is 13%.The sole shareholder received all of the net earnings in the form of a non-eligible dividend in 2018.The shareholder,has a personal tax rate of 50%.Supposing the shareholder is entitled to a total (federal + provincial)dividend tax credit equal to $20,000,what is the net personal tax owing on the dividend (ignoring all other tax implications)? (Round all numbers to zero decimal places.)

Pear Corporation Earned $150,000 of Pre-Tax Income in 2018