Question
Jennifer is a single woman, aged 32.She works for Spotify as a human resources manager for the Quebec region, earning $102,000 a year. Her company
Jennifer is a single woman, aged 32.She works for Spotify as a human resources manager for the Quebec region, earning $102,000 a year. Her company offers its employees a Group RRSP and matches her personal contributions to the plan of $5,000 a year.Jennifer also pays $500 in professional dues to the Human Resources Professional Association.
-In 2019, Jennifer contributed the maximum to Employment Insurance (EI), the Quebec Pension Plan (QPP) and the Quebec Provincial Parental Insurance Program (PPIP).Spotify also offers a medical plan, the premium of which is $980 for a single individual.Jennifer incurred $3,000 of unreimbursed medical expenses in 2019.
-Refer to the 2019 Federal Income Tax and Benefit Guide and Income Tax and Benefit Return for residents of Quebec at:
https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/5005-r/5005-r-19e.pdf
What was Jennifer's taxable income for 2019?
Calculation of Jennifer's taxable income
Part 2 (3 marks - mark for each non-refundable tax credit)
Calculate each of Jennifer's Federal non-refundable tax credit amounts.Then, calculate her total non-refundable tax credits.
Calculation of each of Jennifer's non-refundable tax credit amounts and total tax credit
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