Corporation BBB, a public company, give you the following Financial Information for this year: ($) Taxable Income 200,000
Corporation BBB, a public company, give you the following Financial Information for this year: ($) Taxable Income 200,000
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter5: Business Deductions
Section: Chapter Questions
Problem 2BCRQ
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Transcribed Image Text:Corporation BBB, a public company, give you
the following Financial Information for this year:
($)
Taxable Income
Rental Profit
Taxable Capital Gains
Net Capital Loss Carry Forward
Amount used to calculate the
Small Business Deduction
200,000
10,000
30,000
20,000
100,000
Aggregate Investment Income (All) is
$40,000
Additional Refundable Tax (ART) is
$2,132
Aggregate Investment Income (All) is
$20,000
Additional Refundable Tax (ART) is
$10,667
Aggregate Investment Income (All) is
$40,000
Additional Refundable Tax (ART) is
$4,264
Aggregate Investment Income (All) is
$20,000
Additional Refundable Tax (ART) is
$2,132
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