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ABC Corporation a technology company and a CCPC provide you the following information: Last Year's Net Income for Tax Purposes was $800,000. The companys Taxable
ABC Corporation a technology company and a CCPC provide you the following information: Last Year's Net Income for Tax Purposes was $800,000. The companys Taxable Capital for this year and last year will be $9 mil. This years Taxable Income/Loss will be a loss of ($100,000). The company incurred $4 million qualified SRED expenditures, this year. Required 1. Based on the above information, for this year, please calculate, the companys Total maximum SRED Cash Refund ONLY. (ignore, non-fundable credit portion)
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