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Classroom Inc., with its head office in Toronto, Ontario and other permanent establishments in the provinces of British Columbia and Manitoba, and in the
Classroom Inc., with its head office in Toronto, Ontario and other permanent establishments in the provinces of British Columbia and Manitoba, and in the United States, has taxable income of $552,500. Assume that the corporation's gross revenue and salaries and wages are attributable to its permanent establishments as follows: Gross revenue Salaries and wages British Columbia 1.326,000 221,000 Ontario 3,978,000 884,000 Manitoba 4,420,000 994,500 United States 663,000 110,500 Total 10,387,000 2,210,000 Dividends not attributable 221,000 10,608,000 2,210,000 REQUIRED: Compute the amount of the company's taxable income attributable to each province and determine the amount of the company's abatement. A) Taxable income attributable % *enter with only 1 decimal for %-e.g. enter 15.5 and not 15.48 %. Enter 20 for 20.0%* British Columbia Ontario: Amount 1,326,000 Salaries and Average Gross revenue % Amount wages % % 13 221,000 10 10 12 3,978,000 38 884,000 40 39 Manitoba 4,420,000 43 994,500 45 44 United States 663,000 6 110,500 5 Total 10,387,000 100.0 2,210,000 100 United States 663,000 6 110,500 Total 10,387,000 100.0 2,210,000 B) Taxable income attributable *do not enter commas or decimals e.g. enter "1000" not "1,000.25"* BC Ontario Manitoba 5 SI 100 Blank 12 Blank 13 Blank 14 Is the US portion taxable for the taxable income attributable? Blank 15 (enter yes/no) C) what is the the amount of the company's abatement amount deductible from the corporation tax otherwise payable: Blank 16
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