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5. Mary Singh, has the following information for her Income Tax Return this year: Net Capital Gains $10,000 Annual Union Dues $2,000 Employment Income $40,000

5. Mary Singh, has the following information for her Income Tax Return this year:

Net Capital Gains $10,000
Annual Union Dues $2,000
Employment Income $40,000
RRSP Deduction $10,000
Employment Expense Deduction $3,000

Please choose the most accurate answer for Mary's T1 Income Tax Return this year?

The Taxable Capital Gains is $5,000

The Taxable Income is $35,000

The Net income is $30,000

The Employment Income is $45,000

The Taxable Capital Gains is $5,000

The Taxable Income is $40,000

The Net income is $40,000

The Total Income is $50,000

The Taxable Capital Gains is $10,000

The Taxable Income is $40,000

The Net income is $40,000

The Total Income is $45,000

The Taxable Capital Gains is $5,000

The Taxable Income is $30,000

The Net income is $30,000

The Total Income is $45,000

8.

Mary Singh, has the following information for her Income Tax Return this year:

Net Taxable Capital Gains $10,000
CPP Payroll Deduction, (NRTC portion only) $1,600
Employment Income $30,000
EI Payroll Deduction $500
RRSP Deduction $5,000

Assume all information is complete,accurate and correct.

Please choose the best and most accurate answer?

The Non-Refundable Credit, Line 33500 is $15,165

The Total Net Income, Line 23600 is $40,000

The Non-Refundable Credit, Line 33500 is $15,808

The Total Income, Line 15000 is $35,000

The Non-Refundable Credit, Line 33500 is $17,065

The Total Net Income, Line 23600 is $30,000

The Non-Refundable Credit, Line 33500 is $17,165

The Total Income, Line 23600 is $35,000

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