A CCPC based in Alberta has set up a branch operation in Saskatchewan. During the year Alberta
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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 - $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
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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