AP 2-3 Individual tax instalments For the three taxation years ending December 31, 2019,2020 and 2021, assume that Bronson james Had the following actual and estimated amounts of federal and provincial tax payable Withheld by his employer

Case 1 case 2 case 3

2019 $ 7843 $ 8116 $ 13146

2020 12862 13846 12842

2021 (estimated) 14327 13542 13676

In order to illustrate the calculation of required instalments, consider the following three independent cases. In each case, Bronsons combined federal/ provincial tax payable is provided

Required: for each of the three cases:

• Indicate whether instalments are required for the 2021 taxation year
• In those cases where instalments are required, calculate the amount of the instalments that would be required under each of the three alternatives method
• In those cases where instalments are required indicate which of the three alternatives methods would be the best
• In those cases where instalments are required, indicates the dates on which the payments will be due.