The Following List Contains Division C Deductions:
A

question 5

Essay

The following list contains Division C deductions:
a.Charitable donations
b.Employee stock option deductions
c.Unused losses of other years
d.Dividends from Canadian corporations
e.Capital gain deduction on certain property
f.Dividends from foreign affiliates
Required:
Sort the deductions into the appropriate columns below.(Answers may be used more than once if applicable.)
$$\begin{array} { | l | l | } \hline { \text { Individual } } & { \text { Corporation } } \\\hline \text { Net Income for Tax Purposes } & \text { Net Income for Tax Purposes } \\\hline \text { Less: } & \text { Less: } \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline \text { Taxable Income } & \text { Taxable Income }\\\hline\end{array}$$

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Definitions:

Column Headings

The titles or labels located at the top of columns in tables, spreadsheets, or databases, used to indicate the type of data stored in each column.

Relative Cell References

In spreadsheet software, a cell reference that adjusts automatically when the formula containing it is moved to another cell.

Formula Location

The specific cell or range of cells in a spreadsheet where a mathematical calculation is performed.

Sequential Values

A series of numbers or items arranged in a specific, consecutive order.