Question
Mary Singh, has the following information for her Income Tax Return this year: Net Taxable Capital Gains $20,000 CPP Payroll Deduction, (net at 97% already)
Mary Singh, has the following information for her Income Tax Return this year:
| Net Taxable Capital Gains | $20,000 |
| CPP Payroll Deduction, (net at 97% already) | $1,500 |
| Employment Income | $25,000 |
| EI Payroll Deduction | $500 |
| RRSP Deduction | $5,000 |
Please choose the most accurate answer?
| The Non-Refundable Credit, Line 33500 is $16,474 The Total Income, Line 15000 is $45,000 | ||
| The Non-Refundable Credit, Line 35000 is $3,222 The Total Income, Line 15000 is $35,000 | ||
| The Non-Refundable Credit, Line 35000 is $14,069 The Total Income, Line 15000 is $45,000 | ||
| The Non-Refundable Credit, Line 33500 is $16,474 The Total Income, Line 15000 is $30,000 |
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
