Brent is unmarried and lives alone. During the current year he earned employment income of...
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Accounting
Brent is unmarried and lives alone. During the current year he earned employment income of $120,000. He has a portfolio of investments that generated eligible dividends from Canadian corporations of $10,000. He donated public company shares worth $1,000 to the Canadian Cancer Society. The adjusted cost base (ACB) of the shares donated was $400. Determine Brents federal tax payable for the current year. Income tax reference: ITA 38
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