Question
Austin has an income of $72,000 per year. Brittany has an income of $84,000 a year. Austin and Brittany need some help determining what their
Austin has an income of $72,000 per year. Brittany has an income of $84,000 a year.
Austin and Brittany need some help determining what their approximate tax situation will be for this year. In addition to what you already know:
Brittany plans to contribute $4000 to an RSP this year.
Brittany has professional dues (APEGA) of $300.
Austin has capital gains of $1000
They will earn $100 on the honeymoon savings. Split this evenly between them.
Basic personal amount $11,000
Medical expenses $3,000 T
ax withheld at source Brittany: $14,600, Austin: $11,500
1. What will be the tax before credit for both Austin and Brittney.
2. What will be the tax liability for both Austin and Brittney.
3. What will be the tax refund for both Austin and Brittney separately.
please answer questions
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