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Amelia has hired a tax accountant to prepare her 2020 income tax returns, however she is doing a tax estimate to ensure no surprises. Given

Amelia has hired a tax accountant to prepare her 2020 income tax returns, however she is doing a tax estimate to ensure no surprises. Given the information below, calculate Amelias combined Federal and Quebec taxes payable. Use Table A. Ignore non-refundable tax credits.

For 2020, Amelia received:

A T4 tax slip from Bombardier reporting her 2020 gross salary of $95,000

A T5 tax slip showing interest received in 2020 of $1,200

On December 1, 2020, she sold 500 Royal Bank of Canada (RBC) shares at $110/share (she had purchased 1,000 RBC shares at $70/share in 2018)

Made a Tax-Free Savings Account contribution of $6,000 on June 1, 2020

Made a Registered Retirement Savings Plan (RRSP) contribution of $15,000 on January 15, 2021

a) $27,171.24

b) $31,784.85

c) $29,483.23

d) $28,773.52

e) $30,867.65

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