Computer Ltd. generated the following data for its December 31, 2017 taxation year: Capital Gains$35,000 InterestIncome$50,000 The

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Computer Ltd. generated the following data for its December 31, 2017 taxation year:

Capital Gains$35,000

InterestIncome$50,000

The balance in the tax accounts on January 1, 2017

Charitable Donationcarryforwards$15,000

Net Capital loss from2010$4,000

Non Capital loss from August2015$10,000

What is the minimum taxable income (rounded to the nearest dollar) to be reported on Candy's corporate tax return?

a.$70,000

b.$38,500

c.$36,500

d.$56,000

Posted Date: Jun 17, 2024 06:40 PM

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Computer Ltd. generated the following data for its December 31, 2017 taxation year: Capital Gains$35,000 InterestIncome$50,000 The

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