taxation 1B

. RRSP Contributions (15 marks, approx 25 mins) Doris Day is omployed by ABC ud a Canadian controlled privato corporation The following information pertains to her income over the past years since She started working for ABC 2018 907 000 20.00 (200) (0) 119.800 2019 11500 22 000 (5,500) (6.600) 125 000 Income from Employment: Salary before benefits Employee stock option benefit Registered pension plan contributions Other deductiblo employment expenses Subtotal from Employment Income from Business Business income Jewellery paily Sales Income from Property Interest income Taxable capital gain Didend DPL stock Subtotal from Property Other Expenses: Spousal support payment Net income for Tax Purposes (NIFTP - DIY B) 41.000 63000 7500 3.000 2.000 13 000 1.000 16 000 1200 10,700 125.000) 142,500 (23,000) 171.000 ABOUld cartributes an amount that matches the amount contributed by employee to the plan Ha pasion djustments (PA) 10,400 for 2018 & 3 11,000 2010 Dons has never canibuled to a registered retirement savings plan (RSP) though she had enough income lo entilhor lo contribute the maximum mounts alowed follows (carry forward contribution room) 2016 $ 25,370 2017 20,010 2018 $ 21210 REQUIRED (SHOW ALL DETAILS & CALCUATIONS) Part 1 (8 marks) Calculate Don's earned income for the purpose of determining her mamm . RRSP Contributions (15 marks, approx 25 mins) Doris Day is omployed by ABC ud a Canadian controlled privato corporation The following information pertains to her income over the past years since She started working for ABC 2018 907 000 20.00 (200) (0) 119.800 2019 11500 22 000 (5,500) (6.600) 125 000 Income from Employment: Salary before benefits Employee stock option benefit Registered pension plan contributions Other deductiblo employment expenses Subtotal from Employment Income from Business Business income Jewellery paily Sales Income from Property Interest income Taxable capital gain Didend DPL stock Subtotal from Property Other Expenses: Spousal support payment Net income for Tax Purposes (NIFTP - DIY B) 41.000 63000 7500 3.000 2.000 13 000 1.000 16 000 1200 10,700 125.000) 142,500 (23,000) 171.000 ABOUld cartributes an amount that matches the amount contributed by employee to the plan Ha pasion djustments (PA) 10,400 for 2018 & 3 11,000 2010 Dons has never canibuled to a registered retirement savings plan (RSP) though she had enough income lo entilhor lo contribute the maximum mounts alowed follows (carry forward contribution room) 2016 $ 25,370 2017 20,010 2018 $ 21210 REQUIRED (SHOW ALL DETAILS & CALCUATIONS) Part 1 (8 marks) Calculate Don's earned income for the purpose of determining her mamm