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fasttt (i) 51.400 ()) 51+21 1.) nanne ather maablet 7) Teddy has reported taxable income in the amount of 151,000 orthls 20202,19x returt? What ia
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(i) 51.400 ()) 51+21 1.) nanne ather maablet 7) Teddy has reported taxable income in the amount of 151,000 orthls 20202,19x returt? What ia the amount of federal lax before conslderation of credits that would be reported on line? 70 ? A) 522,150 B) 532,480 (C) $32,180 D) 539,569 Ei) some other ruimber 8) Fidgar is single, qualifies as disabled, age 70 and has rvet incomat in the amount of 535,000 which is pension income from Carada Pension and Oid Age Security pension benefita. What is the total tax credit base that can be claimed on Edgar's tax retum for 20122 ? A) $33,166 B) $31,166 C) $18,766 D) $9,898 E) some other number 9) Abdul is 22 and has investment income in the amount of $18,000. Assume the only tax credit that he is to claim is his education related credits and the basic personal amount. His T2202 reports 8 months full tuition of $8,500 and a Tuition, Education and Textbook amount carry forward of $12,000. What is the amount of his tuition that he must claim in 2022 to eliminate his federal tax payable on line A) $0 B) $18,000 C) $3,602 D) $4,898 E) some other number 10) April Smith made a federal political contribution in the amount of $1,575. What is the amount political tax credit that should be reported on line 41000 for 2022 ? A) $236 B) $650 C) $750 D) $525 E) some other number (i) 51.400 ()) 51+21 1.) nanne ather maablet 7) Teddy has reported taxable income in the amount of 151,000 orthls 20202,19x returt? What ia the amount of federal lax before conslderation of credits that would be reported on line? 70 ? A) 522,150 B) 532,480 (C) $32,180 D) 539,569 Ei) some other ruimber 8) Fidgar is single, qualifies as disabled, age 70 and has rvet incomat in the amount of 535,000 which is pension income from Carada Pension and Oid Age Security pension benefita. What is the total tax credit base that can be claimed on Edgar's tax retum for 20122 ? A) $33,166 B) $31,166 C) $18,766 D) $9,898 E) some other number 9) Abdul is 22 and has investment income in the amount of $18,000. Assume the only tax credit that he is to claim is his education related credits and the basic personal amount. His T2202 reports 8 months full tuition of $8,500 and a Tuition, Education and Textbook amount carry forward of $12,000. What is the amount of his tuition that he must claim in 2022 to eliminate his federal tax payable on line A) $0 B) $18,000 C) $3,602 D) $4,898 E) some other number 10) April Smith made a federal political contribution in the amount of $1,575. What is the amount political tax credit that should be reported on line 41000 for 2022 ? A) $236 B) $650 C) $750 D) $525 E) some other number Step by Step Solution
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