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Instalment Payments For Individuals In the three independent cases which follow, assume that Barry Levenor's combined federal and provincial Tax Payable is as follows: 2016
Instalment Payments For Individuals In the three independent cases which follow, assume that Barry Levenor's combined federal and provincial Tax Payable is as follows: 2016 2017 2018 (Estimated) $14,256 15,776 16,483 The amount Barry's employer withholds for the three independent cases is as follows: Case 1 $11,800 in 2016, $14,150 in 2017, and $12,400 (estimated) in 2018. Case 2 $14,920 in 2016, $11,400 in 2017, and $13,226 (estimated) in 2018. $11,220 in 2016, $13,275 in 2017, and $12,873 (estimated) in 2018. Case 3 Required: A. For each of the three cases: indicate whether instalments are required for the 2018 taxation year; in those Cases where instalments are required, calculate the amount of the instal- ments that would be required under each of the three acceptable methods; and in those cases where instalments are required, indicate which of the three acceptable methods would be the best alternative. B. For those Cases where instalments are required, indicate the dates on which the payments will be due
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