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Exercise AA is a Canadian company has income under Division B for year ended December 31, 2020, Wholesaling income $1,495,000 Foreign business profits (before $36,800 in taxes paid) 115,000 Dividends from taxable Canadian corporations 517,500 Dividends from foreign investments (before $25,875 in taxes withheld) 172,500 Canadian interest income (investment income) 345,000 Income under Division B $2,645,000 Company donates $75,000 to registered charities and $5,580 to federal political parties. It was carrying forward non-capital losses of $145,600. It is considered to earn 80% of its taxable income in Canada, as computed by the Regulation. REQUIRED: Compute the federal Part I tax payable for the year. Exercise AA is a Canadian company has income under Division B for year ended December 31, 2020, Wholesaling income $1,495,000 Foreign business profits (before $36,800 in taxes paid) 115,000 Dividends from taxable Canadian corporations 517,500 Dividends from foreign investments (before $25,875 in taxes withheld) 172,500 Canadian interest income (investment income) 345,000 Income under Division B $2,645,000 Company donates $75,000 to registered charities and $5,580 to federal political parties. It was carrying forward non-capital losses of $145,600. It is considered to earn 80% of its taxable income in Canada, as computed by the Regulation. REQUIRED: Compute the federal Part I tax payable for the year