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Calculate dm paper company minimum net income

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Reference no: EM133033016

Question - During 2018, a total of $97,000 in taxable dividends was paid to the shareholders of D.M. Paper Company. Noting that RDTOH balance at Jan 1, 2018 was $200,000 and there is no dividend refund during 2017.

D.M. Paper Company is associated with another 3 corporation, therefore agree to share the annual SBD business limit (25% each).

Required - Show all the calculations used to provide the required information, including those for which the result is nil.

Calculate D.M. Paper Company's minimum Net Income for Tax Purposes and Taxable Income for the year ending December 31, 2018.

Reference no: EM133033016

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