Question
Jim Simpson has gathered the following information for his 2020 federal tax return: Amount ($) Earnings from wages 49,500.00 Interest earned from GIC 125.00 Eligible
Jim Simpson has gathered the following information for his 2020 federal tax return: Amount ($)
Earnings from wages 49,500.00
Interest earned from GIC 125.00
Eligible dividend income 200.00
RRSP deduction 2,500.00
Savings account interest 75.00
Child care deduction 6,700.00
Union Dues 480.00
Total non-refundable tax credit amounts 13,800.00
Federal income tax deducted at source 7,168.00
Filing status - head of household Calculate the following items from his annual return and match the correct values from the drop-down list on the right.
Total Income
Total Deductions
Taxable Income
Federal Tax Liability
Average Federal Tax Rate
Refund Amount
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