During 2021, Alpha Ltd, a public corporation, has net income for tax purposes of $300,000, including $100,000
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During 2021, Alpha Ltd, a public corporation, has net income for tax purposes of $300,000, including $100,000 of dividends from taxable Canadian corporations and $200,000 of retailing profits. It made $50,000 of charitable donations during the year. Income earned in a province was 90%. What is Apha Ltd's taxable income for the year?
Group of answer choices
b) $150,000
c) $250,000
a) $200,000
d) $300,000
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
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