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During 2011, C Ltd. A public corporation has net income for tax purposes of $600,000 including $100,000 of dividends from taxable Canadian corporations and $500,000 of retailing profits. It made $200,000 of charitable donations during the year. Income earned in a province was 90%.
Required:
a) What is C Ltd's taxable income for the year?
b) What is C Ltd's federal tax payable for the year?
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