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Answer the questions according to Canadian taxation system pls. Pls. Answer all 3 of them pls. Pls. Pls, I'll get you 5 thumbs up promise.
Answer the questions according to Canadian taxation system pls. Pls. Answer all 3 of them pls. Pls. Pls, I'll get you 5 thumbs up promise. Pls. Pls. Pls. Don't just guess the answer. Pls. Give the write answer. May god bless you and your family.
Pls. Show calculations also if you can
Question Help Skytech Corp has the following information Non-Eligible RDTOH balance on January 1, 2020 $25,500 (This balance includes the dividend refund received for the previous taxation year 2019) Other information for the current year ended December 31, 2020 is: Taxable income. 5640.000 Income eligible for the Small Business Deduction: 5497,500 - Aggregate investment income 5105.000 Part 1 taves payable 587 700 None of the income samedis foreign, and Skytech Corp, was not subject to Part IV tax during the current year. What is the Non-Eligible RDTOH balance at the end of 20209 Choose the correct answer (Round to the nearest dollar) O A 557 700 B5113200 OC. $43700 OD 562 700 Universal Company is a CCPC with the following amounts in the current year. Interest income from Canadian sources of $23.500 Dividend income received from taxable Canadian corporations of $13,500 Net rental loss of $1,250 Foreign dividend income received from US public companies of $20.000 (CANS) Net taxable capital gains of $11,250 During the current year, Universal Company utilized a net capital loss carryover from the previous year of $10,500. The correct amount of aggregate investment income for Universal Company in the current year is: Choose the correct answer O A. $43,000 OB. $44,250 OC. $67 000 OD. $56,500 Assume ACME Corp is a CCPC with taxable income of $1,025,000 in 2020. Included in this amount is Aggregate investment income of $120,000. In addition, ACME is not associated with any other companies and is eligible for a small business deduction of $90,250 (5475,000 x 19%) What is the correct amount of Additional Refundable Tax on Investment Income imposed on ACME Corp in 2020? Choose the correct answer. (Round to the nearest dollar.) O A. $58,667 OB. $12,800 O C. $22,800 OD. $50,667Step by Step Solution
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