Jane has $2,0O00 of dividend income and $3,000 of capital gains in her equity investment in 2020. Her marginal tax rate is 40% and the effective tax rate is 30% for the same year. Calculate the amount...


Jane has $2,0O00 of dividend income and<br>$3,000 of capital gains in her equity<br>investment in 2020. Her marginal tax rate is<br>40% and the effective tax rate is 30% for the<br>same year. Calculate the amount of tax she'll<br>pay on her dividend income and capital gains<br>combined from her equity investment.<br>Assume that she is not eligible for the<br>dividend tax credit.<br>

Extracted text: Jane has $2,0O00 of dividend income and $3,000 of capital gains in her equity investment in 2020. Her marginal tax rate is 40% and the effective tax rate is 30% for the same year. Calculate the amount of tax she'll pay on her dividend income and capital gains combined from her equity investment. Assume that she is not eligible for the dividend tax credit.

Jun 03, 2022
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