During the year, Makisha Fashions Inc has the following sources of income: The company has taxable income of $495,000, of which $200,000 was eligible for the small business deduction. What is the total Additional Refundable Tax on Investment Income (ART)?

Question

During the year, Makisha Fashions Inc has the following sources of income:  The company has taxable income of $495,000, of which $200,000 was eligible for the small business deduction. What is the total Additional Refundable Tax on Investment Income (ART)?

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The Answer of During the year, Makisha Fashions Inc has the following sources of income:  The company has taxable income of $495,000, of which $200,000 was eligible for the small business deduction. What is the total Additional Refundable Tax on Investment Income (ART)?

During the Year, Makisha Fashions Inc Has the Following Sources