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This Year, Jerry Singh's personal business has a Net Profit for Accounting Purposes for $22,050, which is inserted into Line 137000 of his T1
This Year, Jerry Singh's personal business has a Net Profit for Accounting Purposes for $22,050, which is inserted into Line 137000 of his T1 Income Tax Return. Assume Jerry has zero employment income. Please choose the best and most accurate answer. For this year's, Jerry's CPP entries on his T1 Income Tax Return will be: 1. Line 42100 will be $2,000 2. Line 31000 will be $1,108 3. Line 22200 will be $918 And For this year, if Jerry's Business income was $200,000 then his Line 421000 would be the maximum of $$3,167 O For this year's, Jerry's CPP entries on his T1 Income Tax Return will be: 1. Line 42100 will be $2,022 2. Line 30800 will be $1,104 3. Line 22200 will be $918 And For this year, if Jerry's Business income was $200,000 then his Line 421000 would be the maximum of $3,167 For this year's, Jerry's CPP entries on his T1 Income Tax Return will be: 1. Line 42100 will be $2,022 2. Line 31000 will be $1,104 3. Line 22200 will be $918 And For this year, if Jerry's Business Income was $200,000 then his Line 421000 would be the maximum of $6,333 For this year's, Jerry's CPP entries on his T1 Income Tax Return will be: 1. Line 42100 will be $290 2. Line 31000 will be $2,875 3. Line 22100 will be $2,022
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