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Fun-town is a CCPC operated in Ontario since 1999, for the current taxation year the corporation earned the following income: - $1,275,000 in active business
Fun-town is a CCPC operated in Ontario since 1999, for the current taxation year the corporation earned the following income: - $1,275,000 in active business income. - $41,600 Dividends from a public corporation. - $100,000 another investments income. What will be the federal corporate income tax payable by Fun-town Corporation for the current taxation year? a. $44,333 b. $216,917 c. $20,667 d. $186,917
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