Formed in 2012, the ABC Ltd

question 45

Multiple Choice

Formed in 2012, the ABC Ltd. had an operating loss of $95,000, with projected taxable income of $70,000 in 2013, $55,000 in 2014, and $80,000 in 2015. What will the corporate tax liability be in 2015? Assume that ABC is a CCPC in Quebec with a combined federal and provincial corporate income tax rate of 19%.

• A) $15,200.00
• B) $16,250.00
• C) $17,700.00
• D) $18,500.00

---

Definitions:

Tropical Forests

are dense forests found in the equatorial zone with a high level of biodiversity, characterized by high rainfall and constant warm temperatures throughout the year.

Second Green Revolution

An ongoing movement aiming to increase agricultural production worldwide, similar to the first Green Revolution, but with a focus on sustainability and environment-friendly practices.

Inorganic Fertilizer

Fertilizers made from synthetic, chemically produced compounds, commonly used to enhance plant growth and soil fertility.