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What the correct amount of taxes payable

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Reference no: EM132896934

Question - ?Corporation, a? CCPC, received the following dividends during the current taxation? year:

Dividends from unconnected corporations? ("portfolio dividends") of $104,000

Dividends from a wholly owned subsidiary of $24,700 ?(as a result of paying this? dividend, the subsidiary received a dividend refund of $8,000?)

What the correct amount of Part IV taxes payable for Bright Corporation in the current? year?

A. $47,867

B. $57,335

C. $39,867

D. $49,335

Reference no: EM132896934

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