please help me with this practice assignment.

Taxable Income and Tax Payable for Individuals Revisited 689 Assignment Problems 9. Ms. Arsenault will make the maximum deductible RRSP contribution for 2022 as soon as you have calculated it. Her RRSP deduction limit statement from the CRA states that her 2021 earned income was $81,100 and that, at the end of 2021, she had no unused RRSP deduction room and no undeducted contributions. Her 2021 T4 from her employer indicates a PA of $4,500. 10. During the year, Ms. Arsenault paid legal fees of $2,500 in connection with her separation agreement. This settlement required her husband to make a lump-sum payment of $25,000 on March 1, 2022, in settlement of any future payments, as well as child support payments of $4,000 at the end of each month beginning on January 31, 2022. All required payments were received on time for the year. 11. In addition to her employment income, Ms. Arsenault carries on a mail-order business as a sole proprietor with a December 31 fiscal period. Her 2022 business income was $22,500. Included in this amount was a deduction of $950 for interest that she paid on a demand loan taken out to finance inventory purchases. In 2022, Ms. Arsenault withdrew $27,000 from the bank account maintained for the business. 12. Ms. Arsenault's father owns a controlling interest in a successful CCPC that carries on a business that he is actively involved with. In 2022, he gave Ms. Arsenault a block of non-voting shares in his company. In 2022, these shares paid non-eligible dividends to Ms. Arsenault in the amount of $10,000. Arlene has never been involved in the company's business. Required: A. Determine Ms. Arsenault's minimum 2022 net income and taxable income. Ignore any GST/HST considerations. In the determination of net income, provide separate calculations of: - employment income, - business and property income, - net taxable capital gains, - other types of income, and - other deductions from income. B. Based on your answer to Part A, calculate Ms. Arsenault's minimum 2022 federal income tax payable and any other amounts owing to or refundable from the CRA for 2022. Ignore any income tax withholdings that her employers would have made. AP 11-10 (Comprehensive Federal Income Tax Payable) Jody Simpson turned 40 years of age in 2022 . She has one child, Bert, who was 11 years of age as of December 31, 2022. Jody was married in 2011 to her high school sweetheart, Michael Burns, but the marriage ended with a divorce that was finalized in November 2021. Jody obtained full custody of Bert following a court order issued shortly after the divorce. The court order entitles her 688 Chapter 11 Assignment Problems income tax liability and, in order to assistyou of a lawa employer, a large public company, for the first 10 month of 1. Her gross salary from her Otlawa employer withheld from this amount CPP contributions of $32,500. The employer also contributed $2,500 El premiums of $953, and RPP behalf. 2. Before leaving her Ottawa empore pis share. The options were issued in April the options, the shares were trading at $20 per share. as she acquired them. Brokerage fees totalled h350 gross wages with her Toronto employer 3. During November and December of 2022 . her , amounted to $13,000. Her new employer withheid CPP contribyer also contributed $650 to the of $390, and $650 in RPP contributions Her tore the 4. Ms. Arsenault found a new home in Toronto during her September 2022 house hunting trip there. The legal arrangements for the house purchase were finalized on October 10, 2022. In Ottawa, she and her spouse had lived for 10 years in a home that they rented. Her agreement with her new employer required that they pay her moving expenses. In order to simplify the record keeping, the employer paid her an allowance of $7,500 and did not require a detailed accounting of expenses. Her actual expenses were as follows: Ms. Arsenault did not use the simplified method of calculating vehicle and moving expenses. 5. In 2019, Ms. Arsenault's mother died, leaving her 5,000 shares of Linz Industries, a private company. These shares had cost her mother $50,000 and had a FMV at the time of her death of $95,000. Ms. Arsenault received non-eligible dividends of $7,500 on these shares in May and December 2022 . She sells the shares for $105,000. Selling costs were $850. 6. Ms. Arsenault made $1,500 in donations to a registered Canadian charity and $900 in contribu7. Ms. Arsenault incured the folitical party. AP 11-9 (Comprehensive Personal Tax Payable) On January 10, 2022, Ms. Arlene Arsenault formally separated from her spouse and retained custody of her 15-year-old son, Jerry. Jerry has no income in 2022. Ms. Arsenault is also responsible for her 21-year-old daughter, Janine, who has a severe and prolonged disability (a medical doctor has certified her disability on Form T2201). Janine has 2022 net income of $6,000, resulting from income on investments that were left to her by her grandmother. In order to get a fresh start in life, Ms. Arsenault found new employment. She resigned from her previous employment in Ottawa and moved to a similar position in Toronto. The move took place on Taxable Income and Tax Payable for Individuals Revisited 689 Assignment Problems 9. Ms. Arsenault will make the maximum deductible RRSP contribution for 2022 as soon as you have calculated it. Her RRSP deduction limit statement from the CRA states that her 2021 earned income was $81,100 and that, at the end of 2021, she had no unused RRSP deduction room and no undeducted contributions. Her 2021 T4 from her employer indicates a PA of $4,500. 10. During the year, Ms. Arsenault paid legal fees of $2,500 in connection with her separation agreement. This settlement required her husband to make a lump-sum payment of $25,000 on March 1, 2022, in settlement of any future payments, as well as child support payments of $4,000 at the end of each month beginning on January 31, 2022. All required payments were received on time for the year. 11. In addition to her employment income, Ms. Arsenault carries on a mail-order business as a sole proprietor with a December 31 fiscal period. Her 2022 business income was $22,500. Included in this amount was a deduction of $950 for interest that she paid on a demand loan taken out to finance inventory purchases. In 2022, Ms. Arsenault withdrew $27,000 from the bank account maintained for the business. 12. Ms. Arsenault's father owns a controlling interest in a successful CCPC that carries on a business that he is actively involved with. In 2022, he gave Ms. Arsenault a block of non-voting shares in his company. In 2022, these shares paid non-eligible dividends to Ms. Arsenault in the amount of $10,000. Arlene has never been involved in the company's business. Required: A. Determine Ms. Arsenault's minimum 2022 net income and taxable income. Ignore any GST/HST considerations. In the determination of net income, provide separate calculations of: - employment income, - business and property income, - net taxable capital gains, - other types of income, and - other deductions from income. B. Based on your answer to Part A, calculate Ms. Arsenault's minimum 2022 federal income tax payable and any other amounts owing to or refundable from the CRA for 2022. Ignore any income tax withholdings that her employers would have made. AP 11-10 (Comprehensive Federal Income Tax Payable) Jody Simpson turned 40 years of age in 2022 . She has one child, Bert, who was 11 years of age as of December 31, 2022. Jody was married in 2011 to her high school sweetheart, Michael Burns, but the marriage ended with a divorce that was finalized in November 2021. Jody obtained full custody of Bert following a court order issued shortly after the divorce. The court order entitles her 688 Chapter 11 Assignment Problems income tax liability and, in order to assistyou of a lawa employer, a large public company, for the first 10 month of 1. Her gross salary from her Otlawa employer withheld from this amount CPP contributions of $32,500. The employer also contributed $2,500 El premiums of $953, and RPP behalf. 2. Before leaving her Ottawa empore pis share. The options were issued in April the options, the shares were trading at $20 per share. as she acquired them. Brokerage fees totalled h350 gross wages with her Toronto employer 3. During November and December of 2022 . her , amounted to $13,000. Her new employer withheid CPP contribyer also contributed $650 to the of $390, and $650 in RPP contributions Her tore the 4. Ms. Arsenault found a new home in Toronto during her September 2022 house hunting trip there. The legal arrangements for the house purchase were finalized on October 10, 2022. In Ottawa, she and her spouse had lived for 10 years in a home that they rented. Her agreement with her new employer required that they pay her moving expenses. In order to simplify the record keeping, the employer paid her an allowance of $7,500 and did not require a detailed accounting of expenses. Her actual expenses were as follows: Ms. Arsenault did not use the simplified method of calculating vehicle and moving expenses. 5. In 2019, Ms. Arsenault's mother died, leaving her 5,000 shares of Linz Industries, a private company. These shares had cost her mother $50,000 and had a FMV at the time of her death of $95,000. Ms. Arsenault received non-eligible dividends of $7,500 on these shares in May and December 2022 . She sells the shares for $105,000. Selling costs were $850. 6. Ms. Arsenault made $1,500 in donations to a registered Canadian charity and $900 in contribu7. Ms. Arsenault incured the folitical party. AP 11-9 (Comprehensive Personal Tax Payable) On January 10, 2022, Ms. Arlene Arsenault formally separated from her spouse and retained custody of her 15-year-old son, Jerry. Jerry has no income in 2022. Ms. Arsenault is also responsible for her 21-year-old daughter, Janine, who has a severe and prolonged disability (a medical doctor has certified her disability on Form T2201). Janine has 2022 net income of $6,000, resulting from income on investments that were left to her by her grandmother. In order to get a fresh start in life, Ms. Arsenault found new employment. She resigned from her previous employment in Ottawa and moved to a similar position in Toronto. The move took place on