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The following information relates to Smith Industries (Smith) for the 2022 taxation year: Smith is not associated with any other corporations and is eligible to

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The following information relates to Smith Industries (Smith) for the 2022 taxation year: Smith is not associated with any other corporations and is eligible to claim the full amount of the small business deduction in the current year. What amount may Smith claim for the general rate reduction in determining its tax payable for 2022? $3,770$7,800$11,180$11,830

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