mc_s_52 - 4,500 Interest [($10,000 - $5,000) x 50%] 2,500...

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MULTIPLE CHOICE QUESTIONS SOLUTIONS Q52. (a) Mrs. Allen's Income Portion Dividends ($20,000 x 50%) $10,000 Gross-up on dividends @ 45%
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Unformatted text preview: 4,500 Interest [($10,000 - $5,000) x 50%] 2,500 Interest expense ($1,000 x 50%) (500 ) $16,500...
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