Ron's Aerobics Ltd., a CCPC located in downtown Winnipeg, Manitoba, has the following taxable income for 2014

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Ron's Aerobics Ltd., a CCPC located in downtown Winnipeg, Manitoba, has the following taxable income for 2014 and 2015.

2014 ........$ 68,000
2015 ........142,000

a. Compute the total tax obligation for Ron's Aerobics each year. (assume 16.5% tax rate)
b. What is the tax rate and after tax yield for each year?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Question Posted: Sep 08, 2018 11:55 AM

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Ron's Aerobics Ltd., a CCPC located in downtown Winnipeg, Manitoba, has the following taxable income for 2014

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a Rons Aerobics Ltd 2014 Net income 68000 Taxes 165 11220 Income after taxes 56780 ...View the full answer

Foundations of Financial Management

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