Reference no: EM132864626
Question - Corp. has the following information. ?Non-Eligible RDTOH balance on January? 1, 2020?: $26,000 ?(This balance includes the dividend refund received for the previous taxation? year, 2019?.)
Other information for the current year ended December? 31, 2020 ?is:
Taxable? income: $750,000
Income eligible for the Small Business? Deduction: $487,500
Aggregate investment? income: $110,000
Part 1 taxes? payable: $88,300.
None of the income earned is? foreign, and 110 Corp. was not subject to Part IV tax during the current year. What is the? Non-Eligible RDTOH balance at the end of 2020??