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What is McCafe taxable income for the year

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Question - During 2018, McCafe Inc., a corporation listed on the Toronto Stock Exchange, has net income for tax purposes of $470,000, including $90,000 of dividends from taxable Canadian corporations and $380,000 of retailing profits. It made $50,000 of charitable donations during the year. Income earned in a province was 85%. What is McCafe's taxable income for the year?

a. $380,000

b. $470,000

c. $420,000

d. $330,000

Reference no: EM132605228

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