QUESTION 1:

Mr. Samuel Silverstein has a spouse and a 19 year old dependent son.Mr. Silverstein's 2019 Net Income For Tax Purposes is $125,000.For 2019, Mr. Silverstein's spouse has no incomeand his son has Net Income For Tax Purposes of $8,675.During 2019, Mr. Silverstein and his spouse have medical expenses of $2,042.His son has medical expenses of $7,780 which Mr. Silverstein paid.Determine Mr. Silverstein's medical expense credit for 2019.

QUESTION 2:

Which of the following relatives wouldnotqualify to be claimed with the eligible dependent tax credit?

-Healthy brother age 25.

-Healthy grandfather age 65.

-Healthy daughter age 9.

-Healthy mother age 56

QUESTION 3:

Which of the following statements with respect to the Canada Caregiver Tax Credit is true?

-If there is more than one caregiver, each caregiver will be entitled to the full credit.

-Only one credit will be available for each infirm dependent.

-In all cases the infirm dependent must be a resident of Canada.

-There is a requirement that the infirm dependent must live in the caregiver's home.

QUESTION 4:

Which of the following statements with respect to the Political Contributions tax credit is correct?

-The tax credit is calculated by multiplying the base amount by 15%.

-Eligible contributions in excess of $1,275 do not generate additional tax credits.

-The tax credit is only available on contributions to a leadership contestant.

-This tax credit is applicable to both individual and unincorporated associations.