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Assume ABC Corp is a CCPC with taxable income of $955,000 in 2020 Included in this amount is Aggregate investment income of $134,000. In addition,
Assume ABC Corp is a CCPC with taxable income of $955,000 in 2020 Included in this amount is Aggregate investment income of $134,000. In addition, ABC is not associated with any other companies and is eligible for a small business deduction of $91,200 $480,000 x 19%). What is the correct amount of Additional Refundable Tax on Investment Income imposed on ABC Corp in 2020? Choose the correct answer. (Round to the nearest dollar.) A. $14,293 B. $51,200 C. $ 50,667 D. $25,460
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