F Ltd., a Canadian-controlled private corporation, has net income and taxable income of $80,000. The income is specified investment business income. Determine Fs federal Part I tax payable.

2- X Ltd. has net income for tax purposes of $430,000 and taxable income of $400,000. X claimed the small business deduction on $220,000 of active business income and earned $30,000 of interest income on long-term bonds. Determine Xs general tax reduction. Note: Do not place a minus sign in front of the amount. ($ )

X Ltd. has net income for tax purposes of $70,000 and taxable income of $50,000. The net income includes $5,000 of taxable Canadian dividends, $8,000 taxable capital gains, and $4,000 interest income. X Ltd. and Y Ltd. are associated and Y claimed the small business deduction on $160,000 of active business income. Determine Xs small business deduction. Note: Do not place a minus sign in front of the amount. ($ )