Question: can you please answer this question for me. UIL, a CCPC, has a 60% owned subsidiary UXL. In 2021 UXL, also a CCPC, was allocated

can you please answer this question for me. can you please answer this question for me. UIL, a CCPC, has

UIL, a CCPC, has a 60% owned subsidiary UXL. In 2021 UXL, also a CCPC, was allocated $295,000 of the annual business limit and paid a non-eligible dividend that produced a $50,000 Part IV refund. UXL earned $60,000 in aggregate investment income during 2022. In 2021 UIL paid a dividend of $54,780, received a $21,000 Part IV refund and RDTOH balance at year-end of $30,000. During 2022 the results from UIL's operations are as follows: UIL and UXL combined TCEC is below $10 million. Required: Calculate: - Part ITax - Part IV Tax - RDTOH Balance - Dividend required to empty the RDTOH pool

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