Homework: Chapter 7 Homework Question 14, Question 7.1.14 Part 1 of 5 HW Score: 0%, 0 of 38 points O Points: 0 of 10 Save Dr. Jessica Roberts has hired your professional services to file her income tax return. Dr. Roberts is a retired surgeon. Due to her failing eyesight, Jessica was required to retire from her occupation at a younger age than normal. Fortunately, Jessica has more than enough income to support herself as a result of years of receiving a very large salary as a surgeon and a family inheritance. Jessica has invested most of her past employment earnings into a large portfolio which paid the following amounts during 2020, the current year. fect (Click on the icon to view Part 1 of the additional information.) (Click on the icon to view Part 2 of the additional information.) Required .. Requirement 1. Compute Dr. Roberts's net property income for 2020. Fill in the table below to compute the net property income. (Round amounts to the nearest cent. Enter deductions with parentheses or a minus sign.) Property Income Amount Eligible dividends Ineligible dividends Interest income Foreign dividends Net rental income Carrying Charges Question 14, Question UNAL C-ve. An Ano naints Homework: Homework X Save Additional info (part 1) Dr. Jessica Roberts has to retire from her occupl very large salary as a s amounts during 2020, t, Jessica was required years of receiving a paid the following Amount $23,500 (Click on the icon to Item Dividends from public Canadian corporations (subject to high corporate tax rates): Dividends from private Canadian corporations (subject to low corporate tax rates): Interest income received from Canadian sources: Dividends from foreign corporations (translated into Canadian dollars): 32,500 (Click on the icon to Required 18,400 12,200 Note: Total foreign dividends earned was $13,650 less foreign tax withheld of $1,450. Requirement 1. Comp Fill in the table below to Jessica's portfolio of investments includes a five-year investment contract purchased three years ago on September 1. The investment contract has a maturity value of $160,000 and an annual interest rate of 3%. The total interest earned on the investment contract will be paid on maturity on September 1, 2022, two years from now. Jessica did not receive any interest (cash) from this investment contract in 2020. gn.) Jessica's portfolio of investments is managed by a large Canadian brokerage firm called Appleton Investments Inc. ("Appleton") Appleton charges Jessica investment counsel fees of $5,400 during 2020. Property Income Eligible dividends Ineligible dividends Interest income Foreign dividends Net rental income Carrying Charges Print Done Stort naann AAAA al manntratar AN NH nusetion 14 Nuestion 38 points Homework: Chap Homework Save Additional info (part 2) Dr. Jessica Roberts has hired yo to retire from her occupation at a very large salary as a surgeon a amounts during 2020, the currer eyesight, Jessica was required esult of years of receiving a b which paid the following In 2019, the previous year, Jessica received a large family inheritance, which she invested into a rental property. The property was purchased in 2019, and Jessica has claimed the maximum amount of capital cost allowance (CCA) on the property in 2019. In 2020, the opening UCC balance in CCA Class 1 for the rental building is $330,000 and Jessica would like to claim the maximum CCA deduction on the rental income in 2020. The rental income and expense information for 2020 is as follows. (Click on the icon to view Pd (Click on the icon to view Pa Required Item Requirement 1. Compute Dr. R Rental income: Property tax: Property insurance: Property management fees: Utilities: Repair of a leaky faucet and water damage: Amount $2,550 per month 5,200 for the year 140 per month 160 per month 590 per month 1,300 Fill in the table below to comput minus sign.) Property Income Eligible dividends Ineligible dividends Interest income Foreign dividends To assist with filing her tax return, Jessica provides you with detailed records from her bank. The documents indicate that Jessica has borrowed the following amounts from her bank Net rental income Carrying Charges Print Done Etext pages Calculator Normy muur Check answer ICAT UIT Question 14 Question Homework: Chap Homework 38 points ult Save Additional info (part 2) sc Dr. Jessica Roberts has hired yd to retire from her occupation at very large salary as a surgeon a oto amounts during 2020, the currer eyesight, Jessica was required esult of years of receiving a bo which paid the following Rental income: Property tax: Property insurance: Property management fees: Utilities: Repair of a leaky faucet and water damage: $2,550 per month 5,200 for the year 140 per month 160 per month 590 per month 1,300 (Click on the icon to view Pa (Click on the icon to view P Required Requirement 1. Compute Dr. R Fill in the table below to comput minus sign.) To assist with filing her tax return, Jessica provides you with detailed records from her bank. The documents indicate that Jessica has borrowed the following amounts from her bank. $215,000 mortgage on the rental property with principal repayments totalling $15,500 and interest payments of $6,400 for 2020 $370,000 mortgage on Dr. Roberts's personal home with principal repayments totalling $21,000 and interest payments of $8,400 for 2020 $175,000 loan used to purchase mutual funds with Appleton Investments Inc. Jessica paid interest of $4,800 on this loan during 2020. $51,000 loan used to purchase Jessica's personal use vehicle. Jessica paid $2,330 of interest on this loan during 2020. Property Income Eligible dividends Ineligible dividends Interest income Foreign dividends Net rental income Carrying Charges Print Done Etext pages Calculator TURMy perdorur Check answer ICC CIUT Homework: Chapter 7 Homework Question 14, Question 7.1.14 Part 1 of 5 HW Score: 0%, 0 of 38 points O Points: 0 of 10 Save Dr. Jessica Roberts has hired your professional services to file her income tax return. Dr. Roberts is a retired surgeon. Due to her failing eyesight, Jessica was required to retire from her occupation at a younger age than normal. Fortunately, Jessica has more than enough income to support herself as a result of years of receiving a very large salary as a surgeon and a family inheritance. Jessica has invested most of her past employment earnings into a large portfolio which paid the following amounts during 2020, the current year. fect (Click on the icon to view Part 1 of the additional information.) (Click on the icon to view Part 2 of the additional information.) Required .. Requirement 1. Compute Dr. Roberts's net property income for 2020. Fill in the table below to compute the net property income. (Round amounts to the nearest cent. Enter deductions with parentheses or a minus sign.) Property Income Amount Eligible dividends Ineligible dividends Interest income Foreign dividends Net rental income Carrying Charges Question 14, Question UNAL C-ve. An Ano naints Homework: Homework X Save Additional info (part 1) Dr. Jessica Roberts has to retire from her occupl very large salary as a s amounts during 2020, t, Jessica was required years of receiving a paid the following Amount $23,500 (Click on the icon to Item Dividends from public Canadian corporations (subject to high corporate tax rates): Dividends from private Canadian corporations (subject to low corporate tax rates): Interest income received from Canadian sources: Dividends from foreign corporations (translated into Canadian dollars): 32,500 (Click on the icon to Required 18,400 12,200 Note: Total foreign dividends earned was $13,650 less foreign tax withheld of $1,450. Requirement 1. Comp Fill in the table below to Jessica's portfolio of investments includes a five-year investment contract purchased three years ago on September 1. The investment contract has a maturity value of $160,000 and an annual interest rate of 3%. The total interest earned on the investment contract will be paid on maturity on September 1, 2022, two years from now. Jessica did not receive any interest (cash) from this investment contract in 2020. gn.) Jessica's portfolio of investments is managed by a large Canadian brokerage firm called Appleton Investments Inc. ("Appleton") Appleton charges Jessica investment counsel fees of $5,400 during 2020. Property Income Eligible dividends Ineligible dividends Interest income Foreign dividends Net rental income Carrying Charges Print Done Stort naann AAAA al manntratar AN NH nusetion 14 Nuestion 38 points Homework: Chap Homework Save Additional info (part 2) Dr. Jessica Roberts has hired yo to retire from her occupation at a very large salary as a surgeon a amounts during 2020, the currer eyesight, Jessica was required esult of years of receiving a b which paid the following In 2019, the previous year, Jessica received a large family inheritance, which she invested into a rental property. The property was purchased in 2019, and Jessica has claimed the maximum amount of capital cost allowance (CCA) on the property in 2019. In 2020, the opening UCC balance in CCA Class 1 for the rental building is $330,000 and Jessica would like to claim the maximum CCA deduction on the rental income in 2020. The rental income and expense information for 2020 is as follows. (Click on the icon to view Pd (Click on the icon to view Pa Required Item Requirement 1. Compute Dr. R Rental income: Property tax: Property insurance: Property management fees: Utilities: Repair of a leaky faucet and water damage: Amount $2,550 per month 5,200 for the year 140 per month 160 per month 590 per month 1,300 Fill in the table below to comput minus sign.) Property Income Eligible dividends Ineligible dividends Interest income Foreign dividends To assist with filing her tax return, Jessica provides you with detailed records from her bank. The documents indicate that Jessica has borrowed the following amounts from her bank Net rental income Carrying Charges Print Done Etext pages Calculator Normy muur Check answer ICAT UIT Question 14 Question Homework: Chap Homework 38 points ult Save Additional info (part 2) sc Dr. Jessica Roberts has hired yd to retire from her occupation at very large salary as a surgeon a oto amounts during 2020, the currer eyesight, Jessica was required esult of years of receiving a bo which paid the following Rental income: Property tax: Property insurance: Property management fees: Utilities: Repair of a leaky faucet and water damage: $2,550 per month 5,200 for the year 140 per month 160 per month 590 per month 1,300 (Click on the icon to view Pa (Click on the icon to view P Required Requirement 1. Compute Dr. R Fill in the table below to comput minus sign.) To assist with filing her tax return, Jessica provides you with detailed records from her bank. The documents indicate that Jessica has borrowed the following amounts from her bank. $215,000 mortgage on the rental property with principal repayments totalling $15,500 and interest payments of $6,400 for 2020 $370,000 mortgage on Dr. Roberts's personal home with principal repayments totalling $21,000 and interest payments of $8,400 for 2020 $175,000 loan used to purchase mutual funds with Appleton Investments Inc. Jessica paid interest of $4,800 on this loan during 2020. $51,000 loan used to purchase Jessica's personal use vehicle. Jessica paid $2,330 of interest on this loan during 2020. Property Income Eligible dividends Ineligible dividends Interest income Foreign dividends Net rental income Carrying Charges Print Done Etext pages Calculator TURMy perdorur Check answer ICC CIUT