Question
In 2023, a Canadian-controlled private corporation (CCPC) earns rental income of $78,000 and $2,000 interest income, using a staff of 4. An associated corporation has
In 2023, a Canadian-controlled private corporation (CCPC) earns rental income of $78,000 and $2,000 interest income, using a staff of 4. An associated corporation has used $15,000 of the annual small business deduction (SBD) limit. What amount can the CCPC claim for the SBD? Multiple Choice
a. $14,820
b. $0
c. $12,350
d. $11,970
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Steinbart Romney B.
9th International Edition
0470409460, 978-0470409466
