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1 2.5 pts During 2020,ABC Ltd, a public corporation, has net income for tax purposes of $600,000, including $100,000 of dividends from taxable Canadian corporations
1 2.5 pts During 2020,ABC Ltd, a public corporation, has net income for tax purposes of $600,000, including $100,000 of dividends from taxable Canadian corporations and $500,000 of retailing profits. It made $200,000 of charitable donations during the year. 90% of the taxable income was taxed by Canadian provinces and the remaining 10% of the taxable income was earned outside of Canada. What is ABC Ltd.'s federal tax payable for the year? $45,000 $87,000 $48,000 $22,000
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