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During the current year, Jose Ramirez receives the following dividends: i. A $1,200 dividend...

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Accounting

During the current year, Jose Ramirez receives the following dividends:
i. A $1,200 dividend from ABC Corporation, a Canadian public corporation, subject to general corporate tax rates.
ii. A $900(US currency) from Verrez Inc., an American corporation whose shares are traded on the New York Stock Exchange. For simplicity, you can assume that the appropriate exchange rate to translate this dividend to Canadian dollars is 1.3.
iii. A $5,000 from XYZ Ltd., a Canadian Controlled Private Corporation (CCPC). This dividend was paid out of income earned by the CCPC that was subject to the low corporate tax rates.
What is Jose's total taxable dividend income for the current year?

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