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Several years ago, Ms. Manjusha Bennett incorporated a company, which is a CCPC, that carries on a new business. The corporation is named Bennett Inc.
Several years ago, Ms. Manjusha Bennett incorporated a company, which is a CCPC, that carries on a new business. The corporation is named Bennett Inc. and uses a December 31 taxation year end. Manjusha is the only shareholder. View the income information.LOADING... Manjusha collects art and, in 2023, she falls in love with a decorative sculpture. The cost of the sculpture is $ 133 comma 000, and Manjusha will need additional funds for the purchase. Manjusha intends to purchase the required $ 133 comma 000 from Bennett Inc. To this end, she would like to know whether it would be better to receive sufficient salary from the corporation or, alternatively, sufficient taxable dividends, both of which would leave her $ 133 comma 000 of after-tax funds
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