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Here are some preliminary details and data about Amanda. She needs your help computing and filing her 2 0 2 1 income taxes ( due
Here are some preliminary details and data about Amanda. She needs your help computing and filing her income taxes due in mid She is single with no dependents. She earns a salary of $ and is a resident of Ontario. Below is a list of Amandas financial expensesactivities during the tax year, which may or may not be relevant to computing her taxes.
She made the maximum contribution to CPP and EI for and you must look up these numbers online from the relevant websites.
She made an $ donation to Sick Kids Toronto.
She contributed $ to a TFSA, invested in a GIC earning in
She contributed $ to an RRSP which is invested in a balanced international equity mutual fund which earned in
She invested $ into a taxable investment account, which earned interest from a Canadian bond ETF.
She had medical expenses, for which she was not reimbursed by her employers insurance company totaling $
She paid a total of $ in personal home mortgage payments, of which $ was interest.
She gave $ as a gift to her younger brother who is yearsold.
Please compute the total amount due Federal and Provincial in taxes for the tax year due by April th You must show your work for all calculations. What is her net income? What is her taxable income? What is her average tax rate? What is her marginal tax rate?
the answer better not be a copy of another similar question on Chegg, please answer this as the question asks and in completion
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