X Ltd. has net income for tax purposes of $110,000 and taxable income of $80,000....
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Accounting
X Ltd has net income for tax purposes of $ and taxable income of $ The net income includes $ of taxable Canadian dividends, $ taxable capital gains, and $ interest income. X Ltd and Y Ltd are associated and Y claimed the small business deduction on $ of active business income. Determine Xs small business deduction.
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