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Required: (a) Compute the federal Part I tax and provincial tax at a 11.5% rate on federal taxable income payable by the corporation for the

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Required: (a) Compute the federal Part I tax and provincial tax at a 11.5% rate on federal taxable income payable by the corporation for the 2014 taxation year. Show in detail the calculation of all tax deductions, using a separate schedule for each, as needed. (b) Compute the refundable tax on hand balance as at December 31= 2014, showing in detail your calculation. Compute the dividend refund for the 2014 taxation year

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