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Mr C, a resident of Alberta has the following income and tax information for taxation years 2020 to 2022. Year Taxes Payable Tax Withheld NET
Mr C, a resident of Alberta has the following income and tax information for taxation years 2020 to 2022.
Year | Taxes Payable | Tax Withheld | NET TAX OWING |
2020 | 63,000.00 | 61,000.00 | 2,000.00 |
2021 | 72,000.00 | 60,000.00 | 12,000.00 |
2022 | 75,000.00 | 72,000.00 | 3,000.00 |
Calculate MR. C's 4th Quarter payment based on the following installment calculation alternatives:
Installment payment using CRA's third alternative | |
Installment payment using CRA's first alternative | |
Installment payment using CRA's second alternative |
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