kindly solve #5

Individual Filing Requirements With respect to the filing of an individual income tax return, which of the following statements is correct? income, 1. A. An individual is required to file an income tax return if their only source of income is business even if no tax is payable. An individual is required to file an income tax return if they have reached the age of 18 by the end of B. the year. C. If an individual has disposed of a capital property during the year, they are required to file an income tax return, even if no tax is payable. D. An individual is not required to file an income tax return if no tax is payable for the year For the 2015 taxation year, John Bookman had a taxable capital gain of $45,000 and a net business loss of 2. $45,000, resulting in a Taxable Income of nil. Which of the following statements is correct? A. John is not required to file a tax return for 2015 B. John must file a tax return on or before June 15, 2016. C. John must file a tax return on or before December 31, 2016. D. John must file a tax return on or before April 30, 2016. 3. John Barron is self-employed and plans to file his 2015 tax return on June 15, 2016. His balance-due day is: A. April 30, 2015. B. April 30, 2016. C. June 15, 2016. D. June 15, 2015. Bunly Im is a self-employed hairdresser. Which of the following dates are correct for the date by which his tax return for a year must be filed (Ist item) and his payment due date (2nd item)? A. April 30, April 30. B. June 15, April 30. C. April 30, June 15 D. June 15, June 15. 4. 5. Ms. Deveco's 2015 income tax return is due on April 30, 2016. While she is too busy to file her tax return on that date, she remits a cheque to the government for S10,000, her estimated amount of net tax owing on that date. She has never filed a late return before. She prepares and files her tax return on May 31, 2016. At this time, the return shows that her actual net tax owing was $9,800. Assuming that the interest rate applicable to late payment of taxes is one-half percent per month without daily compounding, how much will she owe in penalties and interest on the late filing? A. S 49 B. $490 C. $588. D. $637 6. Mr. Finlay, a retired individual whose only source of income was pension receipts, dies on August 15, 2015. By what date must Mr. Finlay's final tax return be filed? A. April 30, 2016. B. February 28, 2016. C. February 15, 2016