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  1. business
  2. accounting
  3. b inc. has net income of $55,000 for the current y

B Inc. has net income of $55,000 for the current year, including dividends received from...

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Accounting

B Inc. has net income of $55,000 for the current year, including dividends received from taxable Canadian corporations of $8,000, taxable capital gains of $2,500, and dividends of $2,000 from a foreign corporation, in which B View Inc. has a 15% equity interest. B Inc. donated $50,000 to a registered charity during the year. B View Inc. has net capital losses of $10,000 incurred last year, and non-capital losses of $3,000 incurred eighteen years ago. What is B View Inc.'s minimum taxable income for the current year? Show all your work.

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