Calculate his after-tax income and tax rate for each type


John Flynn lives in Nova Scotia. In 2014 he earned $1,500 in interest income and $3,000 in dividend income, and realized a $2,000 capital gain. Calculate his after-tax income and tax rate for each type of income, assuming that his marginal federal tax rate was 26%, his marginal provincial tax rate was 16.67%, the dividend gross-up factor is 141%, the federal dividend tax credit is 15.02% of grossed-up dividends, and the provincial dividend tax credit is 8.85% of grossed-up dividends.

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Financial Management: Calculate his after-tax income and tax rate for each type
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