XYZ Inc. is a company that operates in Canada. The company's taxable income for the financial year
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XYZ Inc. is a company that operates in Canada. The company's taxable income for the financial year 2022 is CAD 1,200,000. The company has incurred CAD 50,000 in deductible expenses during the year. The corporate tax rate in Canada is 26%. Additionally, the company has received CAD 20,000 as a refund of taxes paid in a previous year. Calculate the company's tax payable and after-tax income for the financial year 2022.
Related Book For
Canadian Organizational Behaviour
ISBN: 978-0070401877
8th Canadian Edition
Authors: Steven Lattimore McShane, Sandra Steen
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