You work for Wantlen Co., a CCPC that is not associated with any other companies.

Wantlen Co. provided you with the following information for 2022:

Active business income $ 700,000

Dividends received from Canadian taxable corporations 70,000

Canadian source investment income 30,000

Interest income 20,000

Taxable dividends paid 30,000

Dividend refund received from 2021 dividend payment 15,000

$10,000 of the dividends received came from a 50% owned connected corporation that

received a dividend refund of $3,000.

Wantlen Cos balance refundable dividend tax on hand (RDTOH) account balance was

$25,000 at December 31, 2021.

Required:

Calculate the net federal tax payable for the company for its year ended December

31, 2022 and ending balance in the RDTOH account.

Show the details of your calculation.