Question
Betsy is single and attended university full-time for 4 months in 2021. Her tuition for the year was $2,100 and her campus living expenses were
Betsy is single and attended university full-time for 4 months in 2021. Her tuition for the year was $2,100 and her campus living expenses were $5,000 she also paid $1,300 for books. Bestys income for the year was a scholarship from the university for $2,000 and $16,500 from part time job. from her emplacement income, $260.70 was withheld for EI and $708.50 for CPP ($65.00 in line 2215, $643.50 in line 30800) the only other non-refundable credit she can claim is the canada employment amount. How much of the tuision fees muct Betsy claim on her own return to reduce her federal tax to zero , and how much can she trasfier to her grandfather?
A) Line 32300-$2,100.00- no transfer
B) Line 32300-$1,965.80- transfer -$134.20
C) Line 32300- $0.00- transfer -$2,100.00
D) Line 32300- $465.80- transfer - $1,634.20
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