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What is the income tax owing by Marco Accetolla on the sale of his manufacturing business, Canadian AirBoss, with the following facts: the Canadian business

What is the income tax owing by Marco Accetolla on the sale of his manufacturing business, Canadian AirBoss, with the following facts: the Canadian business owner bought the business for $200000 in 2022 the business owner sold the business for $2.7 million in 2022 the marginal income tax rate is 51% Canadian AirBoss was the first business that Marco has sold Express your answer in dollars to the nearest dollar e,g, $92102 should be expressed as 92102 Solution (ignoring 24 month minimum ownership period requirement)

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