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XYZ Inc. is a Canadian controlled private corporation. For the year ending December 31, 2020, the Company has Taxable Income of $262,000, all of which

XYZ Inc. is a Canadian controlled private corporation. For the year ending December 31, 2020, the Company has Taxable Income of $262,000, all of which is active business income. Of this amount, $201,000 results from M&P activity. As it is associated with two other corporations, its share of the annual business limit is $110,000. Determine the Company's federal Tax Payable for the year ending December 31, 2020. Round to the nearest dollar amount and write in positive number.

Base amount of Part I tax---

Federal tax abatement---

Small business deduction---

M&P deduction---

General rate reduction---

Federal tax payable---

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