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Maple Co. is a new Canadian controlled private corporation with active business income of $450,000...

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Accounting

Maple Co. is a new Canadian controlled private corporation with active business income of $450,000 in its first year of operations. Capital gains recognized by the company during the year totaled $30,000. How much is Maple Co.'s small business deduction for the year? (The annual limit has not been reduced by any small business deduction reductions.)
Multiple Choice
$95,000
$88,350
$85,500
$91,200

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