Formed in 2005, ABC Ltd. had taxable income of $95,000 in 2005; $70,000 in 2006; $55,000 in 2007; $80,000 in 2008, and -$150,000 in 2009. What is the adjusted corporate tax payment in 2009? Assume that ABC is a CCPC in Manitoba with a combined federal and provincial corporate income tax rate of
13%)

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The Answer of Formed in 2005, ABC Ltd. had taxable income of $95,000 in 2005; $70,000 in 2006; $55,000 in 2007; $80,000 in 2008, and -$150,000 in 2009. What is the adjusted corporate tax payment in 2009? Assume that ABC is a CCPC in Manitoba with a combined federal and provincial corporate income tax rate of
13%)