Question
Sara has the following information for her Income Tax Return this year: Net Taxable Capital Gains $20,000 CPP Payroll Deduction, (net at 97% already) $1,500
Sara has the following information for her Income Tax Return this year:
Net Taxable Capital Gains | $20,000 |
CPP Payroll Deduction, (net at 97% already) | $1,500 |
Employment Income | $25,000 |
EI Payroll Deduction | $500 |
RRSP Deduction | $5,000 |
Please choose the most accurate answer?
The Non-Refundable Credit, Line 33500 is $15,229 The Total Income, Line 15000 is $40,000 | ||
The Non-Refundable Credit, Line 35000 is $13,229 The Total Income, Line 15000 is $38,000 | ||
The Non-Refundable Credit, Line 33500 is $16,474 The Total Income, Line 15000 is $45,000 | ||
The Non-Refundable Credit, Line 35000 is $15,229 The Total Income, Line 15000 is $45,000 |
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
470499478, 978-0470499474
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