Question: A CCPC based in Alberta has set up a branch operation in Saskatchewan. During the year Alberta operations had the following: Sales - $3,000,000; Salaries
A CCPC based in Alberta has set up a branch operation in Saskatchewan. During the year Alberta operations had the following: Sales - $3,000,000; Salaries - $1,600,000; Other expenses - $700,000. The Saskatchewan operations had the following: Sales - $300,000; Salaries - $210,000; Other expenses - $70,000. Provincial tax rates for the two provinces are Alberta - 12%; Saskatchewan - 11%. How much did the CCPC pay in total provincial taxes for the year?
A. $86,400
B. $85,745
C. $85,565
D. $86,200
E. none of the above
Step by Step Solution
3.39 Rating (158 Votes )
There are 3 Steps involved in it
Total Provincial Tax for Alberta and Sasketchwan is worked out as shown under Para D of the opti... View full answer
Get step-by-step solutions from verified subject matter experts
