Question

Fugen Utd is a Canadian controlled private corporation It has been in operation for several years and has a December 31
For the taxation year ending December 32 ts Net Income For Tax Purposes was made up of the following components
Active Business come
Partioko Investments (Non Eligible)
Canadian Source interest
Taxable Capital Gains (112$223,500)
Net Income For Tax Purposes
$423.400
110.400
43.500
$689,050
Awholly-owned subsidiary has been allocated one-half of the annual business limit for the small business deduction with the
reminder to be used by Furon
On September 4 2020. Futon paid taxable dividends to its shareholders in the amount of 565 600
As of the end of the 2019 taxation year Fuzon had a Non Eligible Refundable Dividend Tax On Hand balance of 539 400
During 2019. Fun tid paid no dividends
Answer the following questions for Fuzons 2020 taxation year (Round to the nearest dollar. Do not enter "00" Do not enter
S sign)
1 What is the Taxable income amount?
2 What is the All amount included in Taxable income?
3. What is the Small Business Deduction amount (not the 19% but the total)?
4 What is the General Rate Reduction amount (not the 13% amount in Part I but the total)?
5. What is the Additional Refundable Tax (ART) amount (not the 10 67% but the totaly?
6 What is the total Part I Tax Payable amount?
7 What is the Part IV Taxes Payable amount?
8. What is the Ending Balance in Non-Eligible RDTOH3
9 What is the Dividend Refund amount?
10 What is the final Ending Net Federal Tax Payable amount (nel piany dizdend refund)?​

Answer 1

Answer:

what is the All amount included in taxable income?