Question
Use the CRA forms (T1 and necessary schedules) to answer the question. You need to navigate your way to locate the forms: http://www.cra-arc.gc.ca/menu-eng.html Calculate the
Use the CRA forms (T1 and necessary schedules) to answer the question. You need to navigate your way to locate the forms: http://www.cra-arc.gc.ca/menu-eng.html Calculate the Federal tax payable for the year 2015 for Mrs. Smith, given the following information: Employment income: $142,000 Actual dividends: $6,400 (these are eligible dividends) Employee CPP contribution: $ 920 EI premium: $730 Registered Pension Plan Contribution: $6,800 Union dues: $620 RRSP contribution: $5,000 Prize from winning the lottery: $25,400 Life Insurance benefit payment received: $105,300 Interest income: $18,000 Tuition fees: $5,560 (was in school full time from January to April and part- time from May to August) Charitable donations: $5,320 Federal income tax deducted: $19,800 (Assume no more CPP contribution is required.)
What kind of more information is required? There is a link mentioned in it, isn't it helpful to get stuff?
this is a question of personal financial planning and please I need correct answer asap thanks.
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