Item 1

A 62-year-old retired employee supported themselves and their 61-year-old spouse on their pension and investment income. They received a registered pension plan (RPP) pension of $39,000, $5,000 in interest income and $4,000 in dividends from a Canadian controlled private company (CCPC) that claimed the small business deduction (SBD) on all its income. What would be their total federal tax in 2021?

Multiple Choice

• $2,543

• $2,393

• $4,614

• $2,843

Item 2

A taxpayer made charitable donations of $1,300 and their spouse donated $600, 2021, the amounts consistent with prior years. Each of the individuals earned $70,000 of employment income. What would be the maximum donation tax credit (round to nearest dollar) the couple would claim in 2021?

Multiple Choice

$349

$285

$523

$591

Item 3

In 2021, Ashley received a salary of $65,000. Deducted from the salary were income taxes of $12,000, the maximum Canada pension plan (CPP) and employment insurance (EI) contributions of $$4,075 of which $290 was enhanced CPP contribution, and charitable donations of $600. What would be Ashleys total federal tax in 2021?

Multiple Choice

$7,599

$7,681

$7,451

$7,474

Item 4

Joan made a $1,500 federal political contribution. What would be her political contribution tax credit?

Multiple Choice

$725

$1,125

$650

$500