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 $15,229 The Total Income, Line 15000 is $45,000 | ||
The Non-Refundable Credit, Line 33500 is $16,474 The Total Income, Line 15000 is $45,000 | ||
The Non-Refundable Credit, Line 35000 is $13,229 The Total Income, Line 15000 is $38,000 |
David, has the following information for her Income Tax Return this year:
Net Taxable Capital Gains | $10,000 |
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 35000 is $16,474 The Total Income, Line 15000 is $35,000 | ||
The Non-Refundable Credit, Line 35000 is $13,229 The Total Income, Line 15000 is $30,000 | ||
The Non-Refundable Credit, Line 33500 is $15,232 The Total Net Income, Line 23600 is $30,000 | ||
The Non-Refundable Credit, Line 33500 is $16,474 The Total Net Income, Line 23600 is $30,000 |
Jane, this year moves 1,000 kilometers closer to her employment work place.
She has the follwoing moving cost related to her move, as noted above.
Her employment income after her move was $10,000
She wil apply the Simplied Method for Mileage (KM) and Meals claims.
Moving Cost: $2,000
Mileage: Kilometer driven by her personal automobile: 1,000 km.
Days to drive to her new home: 3 days.
Please choose the most accurate answer related to her moving expense deduction this year?
An employee must move a minimum of 50 kilometers in order to claim moving expense deduction this year. Jane's moving expense deduction this year will be, $2,757 | ||
An employee must move a minimum of 40 kilometers in order to claim moving expense deduction this year. Jane's moving expense deduction this year will be, $2,838 | ||
An employee must move a minimum of 40 kilometers in order to claim moving expense deduction this year. Jane's moving expense deduction this year will be, $2,757 | ||
An employee must move a minimum of 40 kilometers in order to claim moving expense deduction this year. Jane's moving expense deduction this year will be, $2,000 |
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