Fredericton Corp eamed $60,000 in foreign business income in the current fiscal year Tax was paid to the foreign government in the amount of $7,500 on this income Fredericton Corp has correctly calculated its federal Tax Payable before the foreign business income tax credit as $15,250, calculated as follows g Base Amount of Part I tax s 48 000 Federal Tax Abatement (12 000) Small Business Deduction (1,500 General Rate Reduction Federal Tax Payable Before Foreign Business Tax Credit 15 250 What is the amount of Tax Otherwise Payable for purposes of the foreign business income tax credit calculation B $48 500 3S27250 Da $48 000

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Fredericton Corp  eamed $60,000 in foreign business income in the current fiscal year  Tax was paid to the foreign government in the amount of $7,500 on this income  Fredericton Corp  has correctly calculated its federal Tax Payable before the foreign business income tax credit as $15,250, calculated as follows  g Base Amount of Part I tax s 48 000 Federal Tax Abatement (12 000) Small Business Deduction (1,500 General Rate Reduction Federal Tax Payable Before Foreign Business Tax Credit 15 250 What is the amount of Tax Otherwise Payable for purposes of the foreign business income tax credit calculation  B  $48 500 3S27250 Da $48 000

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Fredericton Corp. eamed $60,000 in foreign business income in the current fiscal year. Tax was paid to the foreign government in the amount of $7,500

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