Question
*BONUS T2125 - part 7 - line 7H subtotal of business-use-of-home expenses Question 2 options: Question 3 BONUS T2125 - part 7 - line 7I
*BONUS
T2125 - part 7 - line 7H
subtotal of business-use-of-home expenses
Question 2 options:
Question 3 BONUS
T2125 - part 7 - line 7I
personal portion of the business-use-of-home expenses
Question 3 options:
Question 4 (0.5 points
*BONUS
T2125 - part 7 - line 7J
business portion of business-use-of-home expenses
Question 4 options:
Question 5 (0.5 points
*BONUS
T2125 - Area A - Table for CCA claim
Note: all columns that are not answers submitted below have a value of ZERO
Enter values, in order, for columns listed below:
Column 1, 3, 7, 10, 12, 15, 16, 17, 18, 19
Question 5 options:
Blank # 1 | |
Blank # 2 | |
Blank # 3 | |
Blank # 4 | |
Blank # 5 | |
Blank # 6 | |
Blank # 7 | |
Blank # 8 | |
Blank # 9 | |
Blank # 10 |
Question 6 (0.5 points)
*BONUS
T2125 - part 5 - line 9946
Anna's net income from her self-employment
Question 6 options:
Question 7 (1 point)
Federal Worksheet - Line 12100 Interest and Other Investment Income - line 11
This is the amount of interest income from her T5 that Anna will be taxed on
Question 7 options:
Question 8 (1 point)
T1 - step 2 - line 31
This is Anna's total income
Question 8 options:
Question 9 (1 point)
T1 - step 3 - line 34
This is the allowable RRSP deduction Anna can claim, according to the Schedule 7 form
Question 9 options:
Question 10 (1 point)
S8 - part 3 - line 7 OR 9
The amount of CPP contributions Anna is able to claim as a tax credit
(the amount she has already paid OR the amount she is correctly required to pay - whichever is less)
Question 10 options:
Question 11 (1 point)
S8 - Part 3 - line 8 OR 10
This is the amount of "enhanced CPP contributions" Anna may have paid. This will be counted as a deduction.
Question 11 options:
Question 12 (0.5 points)
*BONUS
S8 - part 5b - line 44
The additional amount of CPP contributions Anna owes on her self-employment income
Question 12 options:
Question 13 (0.5 points)
*BONUS
S8 - part 5b - line 51
This is the employee portion of her self-employment CPP expense that Anna recieves as a tax credit
Question 13 options:
Question 14 (0.5 points)
*BONUS
S8 - part 5b - line 54
The tax break Anna will receive to compensate for the employer portion of her CPP contributions on self-employment income
(usually an employer pays half and the employee pays the other half - if you are self-employed the government treats the employer half like a business expense and doesn't tax you on it, therefore it's a deduction)
Question 14 options:
Question 15 (1 point)
T1 - step 4 - line 66
This is Anna's taxable income
Question 15 options:
Question 16 (1 point)
T1 - step 5: part A - line 73
Anna's tax payable based on her taxable income
Question 16 options:
Question 17 (0.5 points)
*BONUS
S13 - line 9
The amount of additional EI premiums Anna owes on her self-employment income
Question 17 options:
Question 18 (1 point)
T1 - Step 5 - part B - line 104 and 111
Question 18 options:
Question 19 (1 point)
T1 - step 5 - part B - line 115
Anna's total federal non-refundable tax credits
Question 19 options:
Question 20 (1 point)
S9 - line 23
The amount of her charitable donation that Anna can claim federally
Question 20 options:
Question 21 (1 point)
T1 - step 5: part C - line 123, 131 and 139
(all values the same)
Net federal tax - total amount of tax that Anna owes the federal government
Question 21 options:
Question 22 (1 point)
ON428 - Part A - line 8
Amount of tax payable provincially according to Anna's taxable income
Question 22 options:
Question 23 (1 point)
ON428 - Part B - line 35 and 44
Question 23 options:
Question 24 (1 point)
ON428 - Part B - line 50
Total Ontario non-refundable tax credits
Question 24 options:
Question 25 (1 point
ON428 - Part C - lines 55, 61, 62, 73, 83, 84 and 88
(all same value)
Question 25 options:
Question 26 (1 point)
ON428 - Part C - line 90
Net provincial tax - total amount of tax that Anna owes the provincial government
Question 26 options:
Question 27 (1 point)
ON-BEN - link provided at top of page
This simple form is only an application to be considered for the Ontario Trillium Benefit. However, by following the link provided at the top of that page and answering a few questions about Anna that we already know the answers to, we can find the estimated that Anna qualifies for.
What is Anna's total estimated benefit amount?
Question 27 options:
Question 28 (1 point)
T1 - Step 6 - line 145
This is Anna's total tax payable - the total amount of tax that Anna owes for this year
but there are still some final amounts to be accounted for, such as taxes already paid...
Question 28 options:
Question 29 (1 point)
final credits counted against the tax you owe (or result in taxes owed), including taxes already paid
Question 29 options:
Question 30 (1 point)
T1 - Step 7 - line 48400 OR 48500
What is Anna's final Refund amount that she will be receiving from the government?
OR
What is Anna's final balance that she owes to the government?
(note: the questions are intentionally phrased so that either way the answer should be a positive number)
Question 30 options:
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