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During 2019, Patrick Smith, who is 16 years old, receives non-eligible dividends of $15,000 from...

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Accounting

During 2019, Patrick Smith, who is 16 years old, receives non-eligible dividends of $15,000 from a private corporation controlled by his mother. He also has income of $13,200 from contracts to create computer games. As he has used the income that he has earned from these contracts in previous years to invest in the stock market, he has eligible dividends from publicly traded companies of $8,600. Assume his only tax credits are his basic personal credit and dividend tax credits on the shares that he owns. Determine Patricks federal Tax Payable for 2019.

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