Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Andrea works for Short Line Limited as an engineer. She has 2021 taxable income of $100,000, which is 100% employment income. The maximum CPP and

Andrea works for Short Line Limited as an engineer. She has 2021 taxable income of $100,000, which is 100% employment income. The maximum CPP and EI was withheld from her paycheque during the year, plus $11000 in federal income taxes. Her common law partner, Jamie, has a net income of $4000. Andrea is also a volunteer firefighter and volunteered for 600 hours for the local fire department in 2021. She also bought a house this year for $440,000. Neither her nor her common law partner had owned and lived in another home in the last 5 years. The couple have one child who is 8 years old. During 2021, Andrea spent $2100 on medical expenses for their child, plus $2,000 in medical expenses for herself and $500 for Jamie. Andrea donated $5000 to the Canadian Mental Health Association during the year. She also made political contributions of $1,200 to a registered federal political party in 2021. Required: Determine Andrea's federal tax payable or refundable for 2021. Answer on the "P3- Response" tab, in the yellow boxes. For any credit she is not eligible for, you may leave the yellow box blank.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: H L Bhatia

30th Edition

9390080258, 978-9390080250

More Books

Students also viewed these Finance questions