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CPU Assignment 1: The CPU assignment 1 is worth 15% of your overall grade in this course. This assignment is due by the end of

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CPU Assignment 1: The CPU assignment 1 is worth 15% of your overall grade in this course. This assignment is due by the end of this module. Mr. Johnson Ferrarmo is a supervisor at Retail Box Co He received the following T4 skip Employer's name Retail Box Co. Social insurance number 527 000 145 Year 2020 Employment income (14) 75,000.00 Income tax deducted [22] 12.800.00 Employee's CPP contribution [16] 2,898.00 El insurable earnings (24) 54 200.00 Employee's El premiums [18] 856.00 CPP pensionable earnings [26] 58,700.00 His personal information are as follows: Marital Status: Single Address: 941 Progress Avenue, Toronto, ON MIG 378 Phone Number: 416-289-5000 Date of Birth: October 14, 1976 For the past 20 years, Johnson has been renting an apartment. He finally saved up enough money and purchased a condo at 941 Progress Avenue in April 2020. Johnson is very excited to have owned his first home. Johnson made the following charitable donations Habitat for Humanity on April 17, 2020 $500 Red Cross on November 9, 2020 $750 In order to improve his career skills Johnson took some leadership courses at Centennial College that he studied part-time. The tuition fees for 2020 totaled 51,020 and were for 4 months Johnson made a political contribution of 51.500 to a political party Johnson also has the following medical expenses Dentist visits (June 15, 2020) $ 725 Sauna sessions Personal use (May 8, 2020) 5450 Prescribed antibiotics (January 19, 2020) $ 560 E DE Johnson made a political contribution of $1,500 to a political party Johnson also has the following medical expenses. Dentist visits (June 15, 2020) $ 725 Sauna sessions: Personal-use (May 8, 2020) $ 450 Prescribed antibiotics (January 19, 2020) $ 560 Eye examinations with optometrist (October 12, 2020) $ 220 Over-the-counter medication (August 1, 2020) $ 125 Doctor-prescribed sleep apnea machine (December 3, 2020) $2.000 Required. Prepare Mr. Johnson Ferrarmo's T1 personal tax return for 2020 with minimum taxes payable. Submission. Submit your assignment on eCentennial under "Assignments Your submission should include 1. The entire ProFile computer file (the file extension that ends 201), and 2. A PDF printout of the "Summary page Click here for PDF version of the directions for this assignment CPU Assignment 1: The CPU assignment 1 is worth 15% of your overall grade in this course. This assignment is due by the end of this module. Mr. Johnson Ferrarmo is a supervisor at Retail Box Co He received the following T4 skip Employer's name Retail Box Co. Social insurance number 527 000 145 Year 2020 Employment income (14) 75,000.00 Income tax deducted [22] 12.800.00 Employee's CPP contribution [16] 2,898.00 El insurable earnings (24) 54 200.00 Employee's El premiums [18] 856.00 CPP pensionable earnings [26] 58,700.00 His personal information are as follows: Marital Status: Single Address: 941 Progress Avenue, Toronto, ON MIG 378 Phone Number: 416-289-5000 Date of Birth: October 14, 1976 For the past 20 years, Johnson has been renting an apartment. He finally saved up enough money and purchased a condo at 941 Progress Avenue in April 2020. Johnson is very excited to have owned his first home. Johnson made the following charitable donations Habitat for Humanity on April 17, 2020 $500 Red Cross on November 9, 2020 $750 In order to improve his career skills Johnson took some leadership courses at Centennial College that he studied part-time. The tuition fees for 2020 totaled 51,020 and were for 4 months Johnson made a political contribution of 51.500 to a political party Johnson also has the following medical expenses Dentist visits (June 15, 2020) $ 725 Sauna sessions Personal use (May 8, 2020) 5450 Prescribed antibiotics (January 19, 2020) $ 560 E DE Johnson made a political contribution of $1,500 to a political party Johnson also has the following medical expenses. Dentist visits (June 15, 2020) $ 725 Sauna sessions: Personal-use (May 8, 2020) $ 450 Prescribed antibiotics (January 19, 2020) $ 560 Eye examinations with optometrist (October 12, 2020) $ 220 Over-the-counter medication (August 1, 2020) $ 125 Doctor-prescribed sleep apnea machine (December 3, 2020) $2.000 Required. Prepare Mr. Johnson Ferrarmo's T1 personal tax return for 2020 with minimum taxes payable. Submission. Submit your assignment on eCentennial under "Assignments Your submission should include 1. The entire ProFile computer file (the file extension that ends 201), and 2. A PDF printout of the "Summary page Click here for PDF version of the directions for this assignment

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