R. E. Forms Ltd., a CCPC, had taxable income of $75,000 from an active business in 2014.
Question:
R. E. Forms Ltd., a CCPC, had taxable income of $75,000 from an active business in 2014. Calculate both federal and provincial tax payable if it operates in Alberta (14%) as compared to operating in Ontario (16.5%).
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (17 reviews)
RE Forms Ltd Alberta Net income 75000 Taxes 14 10500 ...View the full answer
Answered By
Charles Okinda
students should give all the instructions concerning the challenge that they face. they will get an immediate response because I am always online.
4.90+
753+ Reviews
1480+ Question Solved
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Question Posted:
Students also viewed these Business questions
-
Nolan Inc. had taxable income of $400,000 in 2011. Its effective tax rate is 35 percent. Nolan pays its 2011 income taxes on April 15, 2012. Required: 1. Given this information, determine the...
-
Gus, who is married and files a joint return, owns a grocery store. In 2016, his gross sales were $276,000, and operating expenses were $320,000. Other items on his 2016 return were as follows:...
-
Maria is a single individual with taxable income of $75,000 in 2016. What marginal tax rate should she use to determine the tax savings from a $2,000 deductible expense?
-
Prepare an Orientation Plan for the select position utilizing the theories discussed in the text. Discuss appropriate and effective orientation plans and your decision-making process for selecting a...
-
If the heat of combustion for a specific compound is -1180.0 kJ / mol and its molar mass is 94.65 g / mol how many grams of this compound must you burn to release 465.40 kJ of heat?
-
On January 1, 2015, NewTune Company exchanges 15,000 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTunes shares has a $4 par value and a $50 fair value....
-
A car rental agency has 19 compact cars and 12 intermediate-size cars. If four of the cars are randomly selected for a safety check, what is the probability of getting two of each kind?
-
Two formulas for the heat capacity of CO are given here: Cp [cal/(mol C)] = 6.890 + 0.001436T (C) Cp (Btu/(lb-moleF)] = 6.864 + 0.0007978T (F) Starting with the first formula, derive the second....
-
For the first three parts of this question, we will examine different ways of doing the integral: 1 = sin5 x dx. = sin, (a) By using the substitution u = cosx, show that: 2 - 1 = cosx+cos 3 Cos x - -...
-
Terminal Industries (TI) produces a product using three departments: Mixing, Processing, and Filtering. New material is added only in the Mixing Department. The following information is given for the...
-
For Nix Corporation, what is the tax savings due to amortization expense?
-
J, B. Wands has $14,000 to invest. He lives in Saskatchewan and has other income of $40,000 for the year. A current bond issue is paying 6 percent, while a popular share issue offers a 5 percent...
-
Match each of the key terms with the definition that best fits it. ________ Changes made to a system to repair flaws in its design, coding, or implementation. Here are the key terms from the chapter....
-
Use estimation to select the best response in Problems 7-24. Do not calculate. If you purchase an item for \(\$ 1,295\) at an interest rate of \(9.8 \%\), and you finance it for 4 years, then the...
-
Describe a good procedure for saving money with the purchase of an automobile.
-
Young, an African-American woman, sued the United Methodist Church under Title VII of the Civil Rights Act, claiming the church discriminated against her based on race and color in refusing to...
-
Discuss the methods of calculating credit card interest.
-
Use estimation to select the best response in Problems 7-24. Do not calculate. If I do not pay off my credit card each month, the most important cost factor is A. the annual fee B. the APR C. the...
-
What are the benefits of cloud computing?
-
Find the market equilibrium point for the following demand and supply functions. Demand: 2p = - q + 56 Supply: 3p - q = 34
-
Sales for Ross Pros Sports Equipment are expected to be 4,800 units for the coming month. The company likes to maintain 10 percent of unit sales for each month in ending inventory . Beginning...
-
Vitale Hair Spray had sales of 13,000 units in March. A 70 percent increase is expected in April. The company will maintain 30 percent of expected unit sales for April in ending inventory . Beginning...
-
Delsing Plumbing Company has beginning inventory of 16,500 units, will sell 55,000 units for the month, and desires to reduce ending inventory to 25 percent of beginning inventory. How many units...
-
The Power of Trade and Comparative Advantage: Work It Out 3 ? Here's another specialization and exchange problem. This problem is wholly made-up, ? so that you won't be able to use your intuition...
-
Government spending as a fiscal policy tool is used to: A) ?Decrease the national debt B) ?Directly stimulate economic activity by increasing demand C) ?Reduce inflation D) ?Lower interest rates
-
Automobile demand has fallen during a recent recession, and Ana has been laid off from her job on the assembly line. Rajiv recently lost his job as a waiter at a local restaurant. A recent increase...
Study smarter with the SolutionInn App