15. ABC Inc. generated net income of $300,000 in income under GAAP. Included in this amount are: $5,000 income tax expense $12,000 depreciation expense $1,000 Interest and Penalties on late income tax installments $18,000 Travel Expenses for employees conducting audits in the province. $3,000 Life Insurance policy premiums on the CEO required to obtain financing from bank. Company accountant calculated the maximum CCA to be $14,000 for the year. How much is the company's income for tax purposes? A. $290,000 B. $304,000 C. $307,000 + D. $322,000 E. Some other number 16. Organic Spices Ltd. operates a CCPC that generated $165,000 in income under GAAP. Included in this amount are: $6,000 Landscaping Costs were capitalized and paid in 2023. These costs were not expensed for accounting since they were incurred at the end of the year $4,000 paid to spouse (Office Admin Program Graduate) for 200 hours of bookkeeping services $12,000 Golf Club Memberships paid for commission earning employee and $2,000 Donations to various charities. How much is the company's income for tax purposes? A. $171,000 B. $185,000 C. $173,000 D. $189,000 E. Some other number 17. Safe Haven Wildlife Resort operates a proprietorship that generated $200,000 in income under GAA The year end is December 31. Included in this amount are: $65,000 rent expense paid for the resort and $24,000 for employee bonuses accrued at December 31, 2023 to be paid by March 31, 2024 $10,000 Accounting Loss on the Disposal of Capital Assets and $35,000 salary expense paid to the owner's son for cleaning the animal cages (40 hours a week for 6 wee the summer). Speeding Tickets paid for salesperson staff while travelling on business $2,000. What is the Resort's net income for tax purposes? A. $247,000 B. $212,000 C. $280,000 D. $271,000 E. Some other number