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Answer the following Income Tax Software (Profile) Question. Question 1: i) ii) Which of the following expenses would NOT be added back to Net Income
Answer the following Income Tax Software (Profile) Question. Question 1: i) ii) Which of the following expenses would NOT be added back to Net Income on Schedule 1? a. Capital cost allowance. b. Charitable donations c. 50% of meals and entertainment d. Non-deductible club dues and fees e. Provision for current income taxes Which of the following amounts would be subtracted on Schedule 1 as a deductible business expense? a. Gain on disposal of assets b. Loss on disposal of assets c. Political contributions d. Accounting depreciation e. Interest and penalties on taxes
Question 1: i)
ii)
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