Reference no: EM133056805
Question - You have been provided with the following information for Parthenon Ltd. for its current taxation year:
Taxable capital gains realized 25,000
Foreign dividends received 8,600
Canadian dividends received 10,900
Net capital loss carryover used in the year 4,600
Non-capital loss carryover used in the year 10,200
Foreign business income earned 28,700
Required - What amount of aggregate investment income (AII) will be included in Parthenon's net and taxable income in the year?
a) All in net income - $35,500; All in taxable income - $20,400
b) All in net income - $44,500; All in taxable income - $29,000
c) All in net income - $44,500; All in taxable income - $20,400
d) All in net income - $44,500; All in taxable income - $18,800