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Compute the income from business for tax purposes

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Reference no: EM132466339

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Based on the foregoing information,

Question 1. Compute the income from business for tax purposes for Ziggy's Inc. for its 2016 fiscal year. Show all calculations whether or not they seem relevant to the final answer.

Question 2. Comment briefly on why any items were omitted from the calculation.

Question 3. You must give Income Tax Act (ITA) section, subsection and paragraph (where applicable) references in order to support your answer to question.

Attachment:- Ziggys'.rar

Reference no: EM132466339

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