Question
Paul Ltd,CCPC has Taxable Capital Employed in Canada for the 2020 year of $12 million, and $14 million for the 2021 year. The company has
Paul Ltd,CCPC has Taxable Capital Employed in Canada for the 2020 year of $12 million, and $14 million for the 2021 year. The company has Canadian active business income of $400,000, Taxable Income of $250,000, and no foreign income. It is not associated with any other CCPC. What is the 2021 small business deduction for this company?
| . $47,500 | ||
| $32,600. | ||
| $19,000. | ||
| $38,000. |
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College Accounting, Chapters 1-15
Authors: James A. Heintz, Robert W. Parry
21st Edition
1285639723, 9781285639727
