Mrs. Martin is considering investing $200,000 in interest bearing securities for the year ending December 31, 2019 at a rate of 7 percent per annum. The pre-tax interest income on this investment would be $14,000 and Mrs. Martin will have no other investment income in the year. The combined federal and provincial corporate tax rate on investment income is

Sep 8, 2023

 

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Mrs. Martin is considering investing $200,000 in interest bearing securities for the year ending December 31, 2019 at a rate of 7 percent per annum. The pre-tax interest income on this investment would be $14,000 and Mrs. Martin will have no other investment income in the year. The combined federal and provincial corporate tax rate on investment income is
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