Question: For the current year, Conres Corp., a CCPC, has aggregate investment income (AII) of $110,000 and taxable income of $400,000, of which $290,000 is eligible

For the current year, Conres Corp., a CCPC, has aggregate investment income (AII) of $110,000 and taxable income of $400,000, of which $290,000 is eligible for the SBD. Federal Part I tax is $68,633.

What is Conres's refundable Part I tax for the current year?

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