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Income for tax purposes: salary 85,000 Taxable Benefits 4,000 Employer RPP contributions -6,000 Employment income for tax purposes 83,000 Loss from part time business -7,000
Income for tax purposes:
| salary | 85,000 |
| Taxable Benefits | 4,000 |
| Employer RPP contributions | -6,000 |
| Employment income for tax purposes | 83,000 |
| Loss from part time business | -7,000 |
| spousal support paid | -12,000 |
| Interest income | 4,000 |
| Rental income | 17,000 |
Determine earned income for RRSP contribution calculation purposes for 2021
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Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
324660138, 978-0324660135
