Question: Please help on this question. It is about the taxable income. 4. Stratford Ltd. has net income for tax purposes in the current taxation year

Please help on this question. It is about the taxable income.

Please help on this question. It is about the taxable income. 4.

4. Stratford Ltd. has net income for tax purposes in the current taxation year of $124,500. Included in this are the following amounts: Active business Income $107,500 Dividends received from taxable Canadian corporations $ 10,200 Taxable capital gains $ 6,800 At the beginning of the current taxation year, Stratford Ltd. had a net capital loss carry over balance of $10,000 and a non-capital loss carry over balance of $23,500. Based on this Information, what is Stratford Ltd.'s taxable Income in the current year? A. $63,800 B. $94,200 C $91,000 D $84,000

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