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For the three years ending December 31, 2022, Gloria Sloan had combined federal and provincial income tax payable as follows: 2020 $23,600 2021 25,400 2022
For the three years ending December 31, 2022, Gloria Sloan had combined federal and provincial income tax payable as follows:
2020 $23,600
2021 25,400
2022 (Estimated) 27,200
Ms. Sloan's employer withholds $24,100 in 2020, $18,600 in 2021, and $23,700 in 2022.
Required:
indicate whether instalments are required for the 2022 taxation year. Show all of the calculations required to make this decision;
indicate the amount of the instalments that would be required under the three options
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