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Taxable income is $41,500, of which $1,500 is dividend income, after the dividend exclusion. The corporate income tax ( 11) is $6,225 and dividends paid
Taxable income is $41,500, of which $1,500 is dividend income, after the dividend exclusion. The corporate income tax ( 11) is $6,225 and dividends paid are $2,000. The PHC tax liability would be:
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