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Ferran operates a boutique yarn store from their own. The store had accounting income after...

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Accounting

Ferran operates a boutique yarn store from their own. The store had accounting income after tax of $50,000. Already deducted from that number are depreciation of $5,000, financing fees of $2,500, and salaries to arms length employees of $10,000. CCA would be $4,000. Calculate Ferrans taxable income based on what you know about them? (CANADA)

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