Question
Case 1: Karla has the following incomes and tax tax dedcutions Net Employment Income $62,350.00 Capital Gains $97,650.00 Allowable Capital Losses $2,715.00 Contribution to RRSP
Case 1: Karla has the following incomes and tax tax dedcutions Net Employment Income $62,350.00 Capital Gains $97,650.00 Allowable Capital Losses $2,715.00 Contribution to RRSP $4,560.00 Loss in Business $11,560.00 Contribution to TFSA $5,740.00 Rental Income $14,400.00 Interest on Loan Given $3,200.00 What is the total taxable income for Karla? Question 2 options: $109,940 $117,730 $101,330 $125,560
Case 7: Ram has the following incomes and tax related items Net Employment Income $280,190.00 Net Business Profit $58,178.00 Capital Gains $35,260.00 Allowable Capital Losses $10,955.00 Contribution to RRSP $27,400.00 Loss in Rental Income $22,324.00 What is the total taxable income for Ram? Question 1 options: $278,680 $239,249 $295,319 $257,581
Case 10: Rick has the following incomes and other tax related items Net Rental Income $72,450.00 Employment Income $45,453.00 Capital Gains $7,522.00 Contribution to RRSP $8,549.00 Capital Losses Allowed $10,754.00 What is the total taxable income for Rick? Question 4 options: $102,361 $120,153 $116,514 $108,835
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