1.Roy disposed of a plece of equipment that falls into his Class 8 CCA account( it was the only asset in this account). The proceeds of disposition on the equipment are $10000. the UCC is 8000 and the original cost was $20000. with regard to this transaction, which one of the following statements is true?

A. Roy realizes a $10000 capital loss

B. Roy realizes a $2000 terminal loss

C. The entire proceeds of disposition are taxable

D. Roy realizes a $2000 recapture of CCA

2.What was the annual rate of inflation the province of alberta from 2014 to 2017 given the CPI numbers outlined below?

alberta CPI

all-items 2014:132.2 2015:133.7 2016:135.2 2017:137.3

A.1.27%

B.3.03%

C.0.95%

D.5.10%

3.Kathleen contributes 3% of her $45000 of annual earnings into an RRSP, as part of her total remuneration package. Kathleen's employer matches her RRSP contribution and applies to her RRSP. what tax impact, if any, will the employer;s contribution to Kathleen's RRSP have on her income?

A. Kathleen will incur a taxable benefit of $1350

B. No tax impact, as the benefit is considered non-taxable when paid by the employer

C. There is not sufficient information to calculate the tax consequences

D.Kathleen will incur a texable benefit of $2700