Question
Concept Corporation, a CCPC, had taxable income of $410,000 in its fiscal year ending December 31, 2021. In calculating its taxes owing, the company received
Concept Corporation, a CCPC, had taxable income of $410,000 in its fiscal year ending December 31, 2021. In calculating its taxes owing, the company received a small business deduction of $45,600. What is the amount of Concept Corporations General Rate Reduction?
| Nil | ||
| . $22,100. | ||
| $ 28,900. | ||
| $14,100. |
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Accounting, Chapters 1-13
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th Edition
1285069625, 9781285069623
