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Tangent Inc. is a CCPC. Its active business income is $120,000 and its taxable income is $150,000. The fiscal year end is Dec 31, 2022.
Tangent Inc. is a CCPC. Its active business income is $120,000 and its taxable income is $150,000. The fiscal year end is Dec 31, 2022. Tangent Inc. is associated with another corporation. Both corporations agreed to share the business limit. SBD share for Tangent is 20%. Calculate the small business deduction of Tangent Inc. for current year
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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
