4. A company’s second year operations can be summarized as follows:
Revenues: $110 000
Expenses (except CCA): $65 000
Its capital asset purchases in the first year totalled $100 000, with none in the second year. With a CCA rate of 20 percent and a tax rate of 55 percent, how much income tax did it pay?
Q4 ANSWER:
Second year CCA (5 points):
………………………………………………………………………….
Net income (5 points):
………………………………………………………………………….
Taxes paid (5 points):
………………………………………………………………………….
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2020-05-20T16:18:30-0400
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