What amount of aggregate investment income will be

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Reference no: EM132758104

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

Problem 1: What amount of aggregate investment income (AII) will be included in Parthenon's net and taxable income in the year?

a) AII in net income - $35,500; AII in taxable income - $20,400

b) AII in net income - $44,500; AII in taxable income - $29,000

c) AII in net income - $44,500; AII in taxable income - $20,400

d) AII in net income - $44,500; AII in taxable income - $18,800

Reference no: EM132758104

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