Abdul is studying accounting at York and decided to use the time he now has to spend at home to help his friends and family file their taxes. His brother enthusiastically took him up on his offer and provided the following information to Abdul. Use this information to answer the questions below. Use 2019 tax tables and amounts in your calculations. (You need to look this up online)

Income from his Salary: $62,500

2019 RRSP contributions (made in January 2020): $10,000

Charitable contributions: $500

Medical expenses: $1200

Transit passes: $1,800

Union dues: $240

Interest paid on student loans: $876

Capital gains from selling shares: $1,400

Rental Income: $18,000

Rental expenses: $9,500

Taxes withheld from his paycheque in 2019: $7,745

*Note, for this problem you are ignoring provincial taxes. Just use information for federal taxes

PLEASE SHOW ALL STEPS

Q1: Calculate total income for 2019

Q2: Calculate total taxable income for 2019

Q3: Calculate tax liability (how much he owes) for 2019. Include all tax credits.

Q4:Does he owe the government or will he get a refund? Calculate the amount.

Q5: How much RRSP carryover room will he have for 2020?