A/p 10-7

Chapter 10 Assignment Problems 504 960 29,400 7,600) 2 Interest On Her Savings Account 5,650 Eligible Dividends Received total amount for 2018 was $9,340. Required: calculations. in order to make the maximum RRSP deduction, Assignment Problem Ten - 7 (Retiring Allowance And Tax Planning) She had the following amounts of investment income and capital gains during 2018: Capital Gains From The Sale Of Personal Assets Capital Losses From The Sales Of Shares She received royalties on a Study Guide that she prepared for the college market. The 4. She paid spousal support during 2018 of $18,000. A. For the 2018 taxation year, calculate Valerie's minimum Net Income For Tax Purposes before any deduction is made for RRSP purposes. Ignore CPP contributions in your B. Calculate the maximum RRSP deduction that can be made by Valerie for 2018. In making Income. Determine the amount of additional contributions that she would have to make this calculation, assume that Valerie's 2017 Earned Income is equal to her 2018 Eamed Saul Brundige has worked for the same Company, Vilaflex Ltd., since 1984. In 2018, in an program. The program offers a cash payment of $40,000 to individuals over the age of 60, effort to develop a younger, more diversified workforce, Vilaflex instituted an early retirement Required: Describe the tax consequences to Saul if he accepts this offer. Explain any alter During 2018, Roland worked 225 hours as a voluntary firefighter. He did not receive any provided they are willing to resign immediately. As Saul qualifies for this program, he is considering acceptance of this offer. natives that he might have in this regard and advise Saul as to an appropriate course of action Assignment Problem Ten - 8 (Comprehensive Case Covering Chapters 1 to 10) Family Information Roland Sorter has been married to Rachel since their graduation from university. They have two healthy children: Richard Their son, Richard is 14 years old. He has 2018 income from part time jobs of $2,300 Roxanne Their daughter, Roxanne is 11 years old. Her 2018 income, also from part time jobs, is $3,600. The family's medical expenses, all paid for by Rachel are as follows: Prescription Glasses For Roland $ 625 Rhinoplasty For Rachel (See Rachel's Business Income) Physiotherapy Fees For Richard And Roxanne Dental Braces For Richard Psychologist Consulting Fees For Roxanne Total compensation for his work. 9,350 1,475 8,560 2,450 $22,460 Chapter 10 Assignment Problems 504 960 29,400 7,600) 2 Interest On Her Savings Account 5,650 Eligible Dividends Received total amount for 2018 was $9,340. Required: calculations. in order to make the maximum RRSP deduction, Assignment Problem Ten - 7 (Retiring Allowance And Tax Planning) She had the following amounts of investment income and capital gains during 2018: Capital Gains From The Sale Of Personal Assets Capital Losses From The Sales Of Shares She received royalties on a Study Guide that she prepared for the college market. The 4. She paid spousal support during 2018 of $18,000. A. For the 2018 taxation year, calculate Valerie's minimum Net Income For Tax Purposes before any deduction is made for RRSP purposes. Ignore CPP contributions in your B. Calculate the maximum RRSP deduction that can be made by Valerie for 2018. In making Income. Determine the amount of additional contributions that she would have to make this calculation, assume that Valerie's 2017 Earned Income is equal to her 2018 Eamed Saul Brundige has worked for the same Company, Vilaflex Ltd., since 1984. In 2018, in an program. The program offers a cash payment of $40,000 to individuals over the age of 60, effort to develop a younger, more diversified workforce, Vilaflex instituted an early retirement Required: Describe the tax consequences to Saul if he accepts this offer. Explain any alter During 2018, Roland worked 225 hours as a voluntary firefighter. He did not receive any provided they are willing to resign immediately. As Saul qualifies for this program, he is considering acceptance of this offer. natives that he might have in this regard and advise Saul as to an appropriate course of action Assignment Problem Ten - 8 (Comprehensive Case Covering Chapters 1 to 10) Family Information Roland Sorter has been married to Rachel since their graduation from university. They have two healthy children: Richard Their son, Richard is 14 years old. He has 2018 income from part time jobs of $2,300 Roxanne Their daughter, Roxanne is 11 years old. Her 2018 income, also from part time jobs, is $3,600. The family's medical expenses, all paid for by Rachel are as follows: Prescription Glasses For Roland $ 625 Rhinoplasty For Rachel (See Rachel's Business Income) Physiotherapy Fees For Richard And Roxanne Dental Braces For Richard Psychologist Consulting Fees For Roxanne Total compensation for his work. 9,350 1,475 8,560 2,450 $22,460