Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 = $

Step by Step Solution

3.57 Rating (164 Votes )

There are 3 Steps involved in it

Step: 1

TDWS 1 Fede... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions

Question

What is tone at the top, and how does it relate to fraud?

Answered: 1 week ago