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Alicia Arnold operates an unincorporated business with a December 31 year end. During the ear ending December 31, 2017, accounting Net Income for this business

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Alicia Arnold operates an unincorporated business with a December 31 year end. During the ear ending December 31, 2017, accounting Net Income for this business was $183,000. Other information related to the 2017 operations of this business are as follows: 1. Amortization deducted in the determination of accounting Net Income was $23,000. Her tax advisor has calculated maximum CCA for this period of $31,000. During the year, the business sold depreciable assets for $34,500. The net book value of the assets was $24,000, their capital cost was $30,000, and their UCC on January 1, 2017 was $18,000. 3. During the year, Alicia spent $14,000 on business meals and entertainment. This amount was deducted in the determination of accounting Net Income. Other information related to Alicia's tax position is as follows: Interest On Savings Account $ 1,200 Taxable Capital Gains On Personal Assets 18,000 Allowable Capital Loss On Sale Of Shares 1,000 Spousal Support Paid 3,600 Royalties On Cookbook That She Authored 8,400 At the beginning of 2017, Alicia had Unused RRSP Deduction Room of $6,500. She also had undeducted contributions of $4,500. Required: For the 2017 taxation year, calculate Alicia's minimum Net Income For Tax Purposes be- fore any deduction is made for RRSP purposes. Ignore CPP contributions in your calculations. Calculate the maximum RRSP deduction that can be made by Alicia for 2017. In making this calculation, assume that Alicia's 2016 Earned Income is equal to her 2017 Earned In- come. Determine the amount of additional contributions that she would have to make in order to make the maximum RRSP deduction

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