Calculate the taxable income

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Question - Carl Corporation has income before tax of $650,000. Included in this amount are:

Meals and entertainment amounting to $10,300 (only 50% are tax deductible)

Warranty expense of $77,000

Warranty claims paid of $23,000

Depreciation $84,000

CCA $93,000

Received dividends of $17,000 (not taxable)

Required - Calculate the taxable income?

Reference no: EM132863314

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