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Corporation ABC, a public company, provides you with the following information for this year. Net Income and Taxable Income $200,000 Foreign NON- Business Tax Paid
Corporation ABC, a public company, provides you with the following information for this year.
| Net Income and Taxable Income | $200,000 |
| Foreign NON- Business Tax Paid to USA | $40,000 |
| USA NON- Business (Investment) Net Profit before Income Tax paid to the USA. | $100,000 |
| Canadian Dividend Income | zero |
| Net Capital Loss Carry Forward from 5 years ago. | zero |
Please calculate the non-business foreign tax credit:
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Risk Based Auditing Using ISO 19011 2018 CERM Academy Series On Enterprise Risk Management
Authors: Greg Hutchins
1st Edition
1732554501, 978-1732554504
