9)

Fred's Pizza business provides you the following Accounting GAAP financial information for this year's business income tax return:

Income Statement:

1. Revenue: $100,000
2. Meals and Entertainment: $10,000
3. Supply Expenses: $2,000
4. Depreciation Expenses: $5,000

Assets Furniture (Class 8, 20%); UCC was $10,000; Purchase this year was $10,000 and disposed of furniture for proceeds of $10,000 and had an original cost of $5,000.

Building (Class 1, 4%); UCC was $100,000

The maximum CCA for furniture only for this year is?

13)

Last year, the 1st year he was employed or had earned income in his lifetime, George had the following income reported to CRA:

Employment: $30,000

Dividends: $30,000

Taxable Capital Gains: $2,000

Last Year's Pension Adjustment was $2,000

What is George's maximum RRSP purchase for this year.

		$5,400
		$3,400
		$12,960
		$4,400