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