Section B: Multiple Choice Justify

Choose the best answer in the following statements. Include a justification statement for each choice

1)Which of the following is a CRA issued penalty rate on an individual who filed late tax return on May 15 instead of April 30th?

a.No Penalty

b. 5 %

c. 5.5%

d. 6%

2) Which of the following is not an instalment date for an individual paying taxes?

a) March 15

b)May 15

c)June 15

d)September 15

3)Which of the following is a factor that distinguish an employee from self employed contractor?

a)Control of an employer

b)Ownership of tools

c)Financial gains

d) Both a & b

e) Both a & c