In 2012,XYZ Inc

question 22

Multiple Choice

In 2012,XYZ Inc.located in Ontario had income from operation of $3,850,000,received interest of $150,000,paid $200,000 in interest,received dividends from another Canadian corporation of $100,000,and paid $400,000 in dividends to its common shareholders.If the applicable income tax rate is 33%,what is the corporation's tax liability?

• A)$1,155,000
• B)$1,254,000
• C)$1,287,000
• D)$1,353,000

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Definitions:

Group Therapy

A type of psychological therapy where one or multiple therapists treat a group of individuals simultaneously.

Clients

Individuals or entities that seek and utilize the professional services or advice of another individual or organization.

Individual Session

One-on-one interaction between a therapist and a client aimed at addressing personal issues, goals, or concerns.

Eclectic Therapist

A mental health professional who employs a variety of therapeutic techniques and theories to tailor treatment to the specific needs of the patient.