Question
Gettler Corporation has accounting income for the year ending October 31 of $ 174150. Included in this calculation are the following amounts: Meals and entertainment
Gettler Corporation has accounting income for the year ending October 31 of $ 174150.
Included in this calculation are the following amounts:
Meals and entertainment $ 36094
Amortization and depreciation $ 68405
Landscaping costs $ 34708
Dividend from Canadian subsidiary $ 50436
Charitable donations $ 2140
You have correctly determined CCA to be $ 64288. What is the correct amount of Net income for Tax Purposes?
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Principles Of Taxation For Business And Investment Planning 2023
Authors: Sally Jones, Shelley Rhoades-Catanach, Sandra Callaghan, Thomas Kubick
26th Edition
1264229747, 978-1264229741
