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In 2020, a Canadian controlled private corporation (CCPC) earned $550,000 of active business income in Canada, and $75,000 of interest income. What would be its

In 2020, a Canadian controlled private corporation (CCPC) earned $550,000 of active business income in Canada, and $75,000 of interest income. What would be its federal Part 1 tax payable?

Multiple Choice

$81,500

$72,000

$64,000

$16,500

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