Assignment Problem Two-3: Case 1 Alternative 2, $797.50 quarterly

Case 2, Alternative 1, $766.50 quarterly

Case 3, Alternative 2, $792.50 quarterly

tion is not required). Assignment Problem Two - 3 (Individual Tax Instalments) From the three taxation years ending December 31, 2018, 2019, and 2020, assume that Bronson James had the following actual and estimated amounts of federal and provincial Tax $ 8,946 9,672 10,476 Payable withheld by his employer: 2018 2019 2020 (Estimated) in order to illustrate the calculation of required instalments, consider the following three independent cases. In each case, Bronson's combined federal/provincial Tax Payable is provided. Year Case 1 Case 2 Case 3 2018 $ 7,843 $ 8,116 $13,146 2019 12,862 13,846 12,842 2020 (Estimated) 14,327 13,542 13,676 Required: For each of the three cases: Indicate whether instalments are required for the 2020 taxation year. . In those cases where instalments are required, calculate the amount of the instalments that would be required under each of the three acceptable methods. In those cases where instalments are required, indicate which of the three acceptable methods would be the best alternative. In those cases where instalments are required, indicate the dates on which the payments will be due. tion is not required). Assignment Problem Two - 3 (Individual Tax Instalments) From the three taxation years ending December 31, 2018, 2019, and 2020, assume that Bronson James had the following actual and estimated amounts of federal and provincial Tax $ 8,946 9,672 10,476 Payable withheld by his employer: 2018 2019 2020 (Estimated) in order to illustrate the calculation of required instalments, consider the following three independent cases. In each case, Bronson's combined federal/provincial Tax Payable is provided. Year Case 1 Case 2 Case 3 2018 $ 7,843 $ 8,116 $13,146 2019 12,862 13,846 12,842 2020 (Estimated) 14,327 13,542 13,676 Required: For each of the three cases: Indicate whether instalments are required for the 2020 taxation year. . In those cases where instalments are required, calculate the amount of the instalments that would be required under each of the three acceptable methods. In those cases where instalments are required, indicate which of the three acceptable methods would be the best alternative. In those cases where instalments are required, indicate the dates on which the payments will be due