Question
A) ALlan, who is single, is enrolled in part-time studies. His net and taxable income is $49,500. How much basic federal tax will he save
A) ALlan, who is single, is enrolled in part-time studies. His net and taxable income is $49,500. How much basic federal tax will he save if he claims tuition fees of$2,000?
what is the correct answer:
a. 300.00 b. 520.00 c. 580.00 d. 660.00
B.) Nanette is single. Her net and taxable income is $65,000. How much basic federal tax will she save if she lowers her taxable income by $1,000?
what is the correct answer:
a. 150.00 b .205.00 c. 260.00 d. 290.00
C.) Jun found a new job and moved from Edmonton, AB, to Winnipeg, MB, by driving for 2 days; he consumed 3 meals a day. Under the simplified method, how much can Barry claim for meals?
What is the correct answer:
a. 0 b. 51.00 c. 68.00 d. 102.00
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