Question
CORP Inc is a CCPC and has the year-end of December 31, 2022. CORP Inc. accounting net income is $730.948 in 2022. The company's only
CORP Inc is a CCPC and has the year-end of December 31, 2022. CORP Inc. accounting net income is $730.948 in 2022. The company's only property income was a $20,000 capital gain on a holding of short term property investments which is included in the accounting net income. In the beginning of the year ending December 31, 2022, the company had a net capital loss carry forward balance of $7.000.
What is the minimum taxable income for CORP. for the year-ended December 31, 2022?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
