Question 4 -2 marks Computer Ltd

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Question 4 -2 marks Computer Ltd. generated the following data for its December 31, 2017 taxation year: Capital Gains $35,000 Interest Income $50,000 The balance in the tax accounts on January 1, 2017 Charitable Donation carryforwards $15,000 Net Capital loss from 2010 $4.000 Non Capital loss from August 2015 $10,000 What is the minimum taxable income (rounded to the nearest dollar) to be reported on Computer Ltd's corporate tax return? (a) $70,000 (b) $38.500 (c) $36,500 (d) $56,000