Question
1) Emilio Sanchez is 47 years old and has estimated income in 2021 of $86,169. He lives with his 25 year old daughter who has
1)
Emilio Sanchez is 47 years old and has estimated income in 2021 of $86,169. He lives with his 25 year old daughter who has estimated income in 2021 of 21,085 and is infirm.
Calculate Emilio's Total Claim Amount on Line 13 of the TD1.
2)
Sarah Platt has estimated income of $205,007 and lives with her husband whose estimated net income is $4,547.
Her father and mother live with her as well. The mother is 71 years old and active. The father is 67 years old and is dependent due to his physical infirmity, which is not severe enough to be considered disabled. Her fathers net income was $20,785 and her mothers net income was $23,400
Calculate the total amount of Sarah's credits on her TD1 for 2021.
3)
ABC Company has an employee, Jenny McGhee, who has an estimated net income of $104,000 in 2021. Jenny will be 52 years old in 2021. She is married and her infirm 48 year-old husband has net income of $10,000. Jenny studied part-time at Seneca College for 4 months, and will pay tuition fees of $5000 in 2021. ABC Company follows a semi-monthly payroll schedule. What will be her total claim amount on the TD1 and TD1ON respectively in 2021?
a) 26,156 and 11,042
b) 24,911 and 11,042
c) 24,911 and 21,042
d) 22,616 and 11,042
4)
Claim Code X resulting from the TD1ON means the employer must manually calculate the amount of provincial income tax to withhold from the employee's pay cheque.
A) True
B) False
5) A business is required to file a record of employment for each of its employees by the end February of the following calendar year in which CPP and EI contributions were withheld.
A) TRUE
B) FALSE
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