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Assignment Problems Assignment Problem Four-3 (Individual Tax Payable - 7 Cases) and his 2020 tax status. In all Cases where Roger earned employment income,
Assignment Problems Assignment Problem Four-3 (Individual Tax Payable - 7 Cases) and his 2020 tax status. In all Cases where Roger earned employment income, his employer The following seven independent Cases make varying assumptions with respect to Roger Blaine withheld the maximum El premium and CPP contribution. During the year, Roger makes contributions to federal political parties in the amount of Case A Roger Blaine is 48 years of age and has employment income of $65,000. $1,000, Roger is not married and has no dependants. Case B Roger Blaine is 48 years of age and has employment income of $65,000. His wife, Martha, is 43 years of age and has Net Income For Tax Purposes of $4,650. They year, the family had eligible medical expenses of $1,050 for Roger, $1,800 for Martha, have one child, Eileen, who is 11 years of age and has income of $3,000. During the and $300 for Eileen. income of $65,000 and Martha has investment income of $9,400. They have a 19 year Case C Roger Blaine is 48 years old and his wife, Martha, is 43. Roger has rental old disabled son, Albert, who lives with them. His disability qualifies him for the disability medical expenses of $1,250. Medical expenses for Albert during the year total $8,350. tax credit and he has no income of his own. During the year, Roger and Martha have Case D Roger Blaine is 48 years of age and his wife, Martha, is 43. They have no of $14,000. Martha's 68 year old father, Ahmed, and her 70 year old aunt, Jaleh, live with children. Roger has employment income of $65,000. Martha has employment income them. Both are in good health. Ahmed's Net Income For Tax Purposes is $9,200 and Jaleh's Net Income For Tax Purposes is $11,000. Roger paid $375 in interest related to his student loan during the year. Case E Roger Blaine is 48 years of age and his common-law partner, Bob, is 43. Roger has employment income of $65,000. Bob has Net Income For Tax Purposes of $4,500. They have two adopted children, Barry aged 8 and Don aged 10. After living in rented premises for the last seven years, Roger and Bob decide to purchase a residence. They acquire a three-bedroom house in the suburbs at a cost of $245,000 and move into the house during the year. Case F Roger Blaine is 48 years of age and his wife, Martha, is 43. Roger has employment income of $65,000. Martha has Net Income For Tax Purposes of $5,050. They have a son, Albert, who is 19 years old and lives at home. He attends university on a full time basis during eight months of the year. Roger pays $5,400 for Albert's tuition for two semesters during the 2020 calendar year and $525 for required textbooks. Albert had employment income of $3,000 that he earned during the summer. He agrees to transfer the maximum of his tuition fee amount to his father. Case G Roger Blaine is 67 years of age and his wife, Martha, is 68. Martha has been completely disabled for a number of years and the extent of her disability qualifies her for the disability tax credit. Their son, Albert, is 38 years old, in good health, and lives with them to help care for Martha. Albert has $10,000 of income from spousal support. The components of Roger and Martha's income are as follows: Interest Roger $ 300 Martha $ 50 Canada Pension Plan Benefits 4,400 200 Old Age Security Benefits 7,400 7,400 Income From Registered Pension Plan 32,150 450 Total Net Income $44,250 $8,100
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