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Question 1 ( 2 5 Marks ) ( 4 0 minutes ) Freida is 4 5 years old and lives in Toronto Ontario . 1
Question Marks minutesFreida is years old and lives in Toronto OntarioShe is in good health and is employed in the sales department of a large publicly traded company. Her employment income for the year was $ and income for theyear was $ of which included $ of commissions. Her employer withheld maximum EI contributions of $ and maximum CPP contributions of $ and $ to the companies Pension Plan. Freida also She is divorced and has custody of her yearold daughter, Rachel. The daughter qualifies for the disability tax credit. The daughter has income of $ largely made up of interest on bonds purchased from an inheritanceJennifers yearold mother, Rose, lives with her and provides care for Cynthia on a fulltime basis. She is active and healthy. As she receives no compensation for this work, Jennifer does not claim childcare expenses in The mothers net income isfrom Old Adge Security of $ CPP Benefits of $In Jennifer worked nearly hours as a volunteer search and rescue volunteerFreidas medical expenses for are as follows:Various prescription drugs Freida $ and Rachel $Various medical specialist treatments for Rachel $ Prescription sunglasses for Freida and Rachel $Cosmetic surgery for Freida$Dentist fees for Freidas mother $ Dentures for Jennifers mother $In Jennifer contributes $ to the Red Cross, a registered Canadian charityFreida is taking an intensive course in spoken Chinese at a Ontario university. The tuition fee for the course is $ The duration of the course is eight monthsDuring the year, Freida makes contributions to federal political parties in the amount of$Required: Calculate Freidas Net income, Her BPA NonRefundable Tax Credits for the year show your calculations Please answer everything correctly
Question Marks minutesFreida is years old and lives in Toronto OntarioShe is in good health and is employed in the sales department of a large publicly traded company. Her employment income for the year was $ and income for theyear was $ of which included $ of commissions. Her employer withheld maximum EI contributions of $ and maximum CPP contributions of $ and $ to the companies Pension Plan. Freida also She is divorced and has custody of her yearold daughter, Rachel. The daughter qualifies for the disability tax credit. The daughter has income of $ largely made up of interest on bonds purchased from an inheritanceJennifers yearold mother, Rose, lives with her and provides care for Cynthia on a fulltime basis. She is active and healthy. As she receives no compensation for this work, Jennifer does not claim childcare expenses in The mothers net income isfrom Old Adge Security of $ CPP Benefits of $In Jennifer worked nearly hours as a volunteer search and rescue volunteerFreidas medical expenses for are as follows:Various prescription drugs Freida $ and Rachel $Various medical specialist treatments for Rachel $ Prescription sunglasses for Freida and Rachel $Cosmetic surgery for Freida$Dentist fees for Freidas mother $ Dentures for Jennifers mother $In Jennifer contributes $ to the Red Cross, a registered Canadian charityFreida is taking an intensive course in spoken Chinese at a Ontario university. The tuition fee for the course is $ The duration of the course is eight monthsDuring the year, Freida makes contributions to federal political parties in the amount of$Required: Calculate Freidas Net income, Her BPA NonRefundable Tax Credits for the year show your calculations
Please answer everything correctly
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