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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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