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current year 2020 F, an individual, received $850 of dividends from a foreign corporation. $150 in foreign tax was withheld by the foreign corporations on
current year 2020
F, an individual, received $850 of dividends from a foreign corporation. $150 in foreign tax was withheld by the foreign corporations on the $1,000 of dividends. All amounts have been converted to Canadian currency. What amount is included in F's net income for tax purposes for the current year? $Step by Step Solution
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