Personal and corporate taxation During the​ year, Ben earned employment income of​ $160,000. His employer withheld maximum in CPP and in EI premiums. Ben received​ $13,800 in interest on Snap Inc. bond​ (property income). As in prior​ years, he donated​ $1,000 to a Canadian charity. He has​ $20,000 non-capital loss carried over from the prior year. Determine​ Ben's minimum taxable income for the current year. 

A.$152,800 

B.$150,192 

C.$153,800 

D.$173,800

Answer rating: 100% (QA)

NOTE IT IS BEING ASSUMED THAT THE DONATION MADE TO CANADIAN CHARITY IS ALLOWABLE AS DEDUCTIO... View the full answer