A Canadian public company has income tax payable of $62,000 in 2020, $95,000 in 2021, and $75,000 in 2022. The company would like to minimize its 2022 instalments. What would its instalments be? O a. One monthly payment of $5,167 per month, followed by eleven monthly payments of $8,167 per month. O b. Twelve payments of $5,167 per month. O c. Twelve payments of $6,250 per month. O d. Two monthly payments of $5,167 per month, followed by ten monthly payments of $8,467 per month.

A Canadian public company has income tax payable of $62,000 in 2020, $95,000 in 2021, and $75,000 in 2022. The company would like to minimize its 2022 instalments. What would its instalments be? O a. One monthly payment of $5,167 per month, followed by eleven monthly payments of $8,167 per month. O b. Twelve payments of $5,167 per month. O c. Twelve payments of $6,250 per month. O d. Two monthly payments of $5,167 per month, followed by ten monthly payments of $8,467 per month.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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