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The following correct information for Jack has been provided to you: Employment income earned $61,000 Employment Insurance premiums withheld 856 Canada Pension Plan premiums withheld

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The following correct information for Jack has been provided to you: Employment income earned $61,000 Employment Insurance premiums withheld 856 Canada Pension Plan premiums withheld 2,898 Income tax withheld 1,000 Eligible dividends received 3,000 Registered Pension Plan income 1,023 Old Age Security income 7,362 Capital gain 5,000 Allowable Registered Retirement Savings Plan deductions 1,000 Allowable Moving expense deduction 1,050 Allowable net capital loss carry forward from prior year 1.000 Jack is 67 years old and his wife Jill is 64. Jill does not have any income as she is permanently blind. Jack donated $500 to a Federal Political Party and $500 to a registered charity Required Calculations (show all calculations - round to the nearest dollar): Division B (Net Income) Division C (Taxable income) Net Federal Taxes before Tax Credits Applicable Tax Credits Net Federal Tax Payable (Refund) The following correct information for Jack has been provided to you: Employment income earned $61,000 Employment Insurance premiums withheld 856 Canada Pension Plan premiums withheld 2,898 Income tax withheld 1,000 Eligible dividends received 3,000 Registered Pension Plan income 1,023 Old Age Security income 7,362 Capital gain 5,000 Allowable Registered Retirement Savings Plan deductions 1,000 Allowable Moving expense deduction 1,050 Allowable net capital loss carry forward from prior year 1.000 Jack is 67 years old and his wife Jill is 64. Jill does not have any income as she is permanently blind. Jack donated $500 to a Federal Political Party and $500 to a registered charity Required Calculations (show all calculations - round to the nearest dollar): Division B (Net Income) Division C (Taxable income) Net Federal Taxes before Tax Credits Applicable Tax Credits Net Federal Tax Payable (Refund)

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