The following data of ABC Ltd. relates to the current year:

Hint: Depreciation and depletion follows same treatment for tax purposes:

Pre-tax accounting income	$20,000
Depletion
Tax	4,000
Books	2,000
Depreciation
Tax	10,000
Books	8,000
Dividends from a tax Canadian corporation	6,000
False advertising fine (not deductible)	1,000

Compute taxable income for the year.

Question 8 options:

	$1,300
	$15,000
	$17,000
	$11,000