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ANYONE, PLEASE HELP ME WITH THIS QUESTION WITH EXPLANATION ??????????????????????? Instructions: Andrea works for Short Line Limited as an engineer. She has 2021 taxable income

ANYONE, PLEASE HELP ME WITH THIS QUESTION WITH EXPLANATION ???????????????????????

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Instructions: 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 El was withheld from her paycheque during the year, plus $12000 in federal income taxes. Her common law partner, Jamie, has a net income of 54000. 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 $4500 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. Fill in the appropriate numbers in each of the yellow boxes to solve problem 3. If you have any rough work, please include in the green space to the right not required for this question) For any credit Andrea is not eligible for, you may leave the yellow box blank for that credit. Step 5 -- Federal tax (formerly schedule 1) Basic personal amount (net income under $151,978) Claim $13,808 30000 1 (maximum $7,713) 30100 2 30300 3 30400 4 30425 5 (maximum $2,295) _X $7,348 30450 6 Age amount (if you were born in 1956 or earlier) (use federal worksheet) Spouse or common-law partner amount (if negative, enter "O") $13,808 minus his or her net income from page 1 of your return) Amount for an eligible dependant (attach Schedule 5) (if negative, enter "0") $13,808 minus his or her net income) Canada caregiver amount for spouse or common-law partner, or eligible dependant age 18 or older (2,295) Canada caregiver amount for other infirm dependants age 18 or older Canada caregiver amount for children born under 18 years of age CPP or QPP contributions: through employment from box 16 and box 17 on all T4 slips on self-employment and other earnings (attach Schedule 8) Employment Insurance permiums from box 18 and box 55 on all T4 slips on self-employment and other eligible earnings (attach schedule 13) Volunteer firefighters' amount Search and rescue volunteers' amount X $2,295 30500 7 (maximum $2,876) 30800 8 31000 9 (maximum $890) 31200 10 31217 11 31220 12 31240 13 (maximum $1,257) 31260 14 31270 15 (maximum $10,000) 31285 16 31300 17 (maximum $2,000) 31400 18 31600 19 Canada employment amount (if you reported employment income on line 10100 or line 10400) Home Buyers' Amount Home Accessibility Adoption expenses Pension income amount (use federal worksheet) Disability amount (for self) (claim $8,662 or, if you were under age 18, use federal worksheet) Disablility amount transferred from a dependant (use federal worksheet) Interest paid on your student loans Your Tuition, education, and textbook amounts (attach Schedule 11) Tuition, education, and textbook amounts transferred from a child Amounts transferred from your spouse or common-law partner (attach Schedule 2) Medical expenses for self, spouse or common-law partner, and your dependent children born in 2001 or later Minus: $2,421 or 3% of line 23600, whichever is less 31800 20 31900 21 32300 22 32400 23 32600 24 33099 25 26 Subtotal (if negative, enter "0") 27 Allowable amount of medical expenses for other dependants (Complete the Worksheet for the return.) 33199 28 Add lines 27 and 28 33200 29 Add lines 1 to 29 33500 30 Federal non-refundable tax credit rate 15% 31 Multiply line 30 by line 31 33800 32 Donations and gifts (15% on first $200 and 29% thereafter)or (15% on first $200 and 33% thereafter) 34900 33 Multiply line 30 by line 31 33800 32 Donations and gifts (15% on first $200 and 29% thereafter)or (15% on first $200 and 33% thereafter) 34900 33 (Enter this amount on line 46) Total federal non-refundable tax credits: add lines 32 and 33. 35000 34 Part B - Federal Tax on Taxable Income Enter your taxable income from line 26000 of your return 35 If line 35 is 49,020 If line 35 is > $49,020 but $98,040 If line 35 is > $98,040 but $151,978 If line 35 is > $151,978 but If line 35 is > $216,511 $216,511 36 49,020 98,040 151,978 216,511 Use the amount on line 35 to determine which one of the following columns you have to complete Enter the amount from line 35 Base amount Line 36 minus line 37 (cannot be negative) Rate -------------- Multiply line 38 by line 39 Tax on base amount Add lines 40 and 41 37 38 X 15% 20.5% 26% 29% 33% 39 40 NIL 7,353 17,402 31,426 50,141 41 42 Go to Part C Go to Part Go to Part C Go to Part C Go to Part C Part C-Net Federal Tax Enter the amount from line 42 above Federal tax on split income Add lines 43 and 44 43 44 40424 40400 45 Enter the amount from line 34 from prior page (Non-refundable Tax Credit) Federal dividend tax credit (see line 40425 in the guide) 35000 40425 46 47 Add lines 43 and 44 40400 45 Enter the amount from line 34 from prior page (Non-refundable Tax Credit) Federal dividend tax credit (see line 40425 in the guide) Minimum tax carryover (attach Form T691) Add lines 46, 47, and 48 35000 40425 40427 46 47 48 49 Basic federal tax: Line 45 minus line 49 (if negative, enter "0") 42900 50 40500 51 40600 52 53 54 Federal foreign tax credit (attach FormT2209) Federal logging tax credit Federal tax: Line 50 minus line 51 (if negative, enter"0") Total federal political contributions (attach receipts) 40900 Federal political contribution tax credit (use federal worksheet) (max $650) 41000 Investment tax credit (attach Form T2038(IND)) 41200 Labour sponsored funds tax credit 41300 Net cost Allowable credi 41400 Add lines 54, 55, and 56 41600 Line 52 minus line 57 (if negative, enter "0") 55 56 57 41700 58 59 41500 41800 60 Canada workers benefit advance payments received (box 10 on the RC210 slip) Special taxes (see line 41800 in the guide.) Net Federal Tax: add line 58, 59, 60 Enter this amount on line 42000 of your return. 42000 61 CPP Payable Federal Tax Withheld (negative) Payable (Refund)

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