Question: Harrison Corporation, a CCPC , has 2 0 2 4 taxable income of $ 4 7 0 , 0 0 0 . In calculating its

Harrison Corporation, a CCPC, has 2024 taxable income of $470,000. In calculating its income taxes, the corporation calculated a small business deduction of $50,920 and an M&P deduction of $11,700. What is the amount of Harrison Corporation's general rate reduction?
A. $49,400
B. $14,560
C. $61,100
D. Nil
Harrison Corporation, a CCPC , has 2 0 2 4

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