Question
Harry Styles, age 67, receives $27,000 per annum from his part-time job at Costco and he receives another $33,000 per year from a registered pension
Harry Styles, age 67, receives $27,000 per annum from his part-time job at Costco and he receives another $33,000 per year from a registered pension plan he contributed to when working full-time as an engineer. Harry’s wife passed away last year, but his disabled daughter Macy, age 34, lives with him due to an infirmity. Macy qualifies for a ‘T2201’ Disability Certificate. Macy works at the corner bakery and earned $19,000 during the year. In addition, she has been taking part-time courses at a local college and paid tuition fees of $1,575.
Required:
a) Using a 2021 TD1 & TD1-WS ), Claim Code # = NOTE: Ensure you submit ALL applicable forms provided.
b) Calculate the statutory deductions that Harry’s employer would withhold from his pay at source, based on a weekly pay cycle.
i) Federal Income Tax = $
ii) CPP = $
iii) EI = $
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
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