For the year ending December 31, 2020, Tuleta Ltd., a Canadian public company, has Taxable Income of $296,000. Of this total, $165,000 qualifies for the M&P deduction. Calculate Tuleta Ltd.'s federal Tax Payable for the year ending December 31, 2020. Include in your solution any M&P deduction available.

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The Answer of For the year ending December 31, 2020, Tuleta Ltd., a Canadian public company, has Taxable Income of $296,000. Of this total, $165,000 qualifies for the M&P deduction. Calculate Tuleta Ltd.'s federal Tax Payable for the year ending December 31, 2020. Include in your solution any M&P deduction available.

For the Year Ending December 31, 2020, Tuleta Ltd