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Use the following information to answer questions 1-5. Abdul is studying accounting at York and decided to use the time he now has to spend

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Use the following information to answer questions 1-5. Abdul is studying accounting at York and decided to use the time he now has to spend at home to help his friends and family file their taxes. His brother enthusiastically took him up on his offer and provided the following information to Abdul. Use this information to answer the questions below. Use 2019 tax tables and amounts in your calculations. (You need to look this up online) Income from his Salary: $62,500 2019 RRSP contributions (made in January 2020): $10,000 Charitable contributions: $500 Medical expenses: $1200 Transit passes: $1,800 Union dues: $240 Interest paid on student loans: $876 Capital gains from selling shares: $1,400 Rental Income: $18,000 Rental expenses: $9,500 Taxes withheld from his paycheque in 2019: $7,745 *Note, for this problem you are ignoring provincial taxes. Just use information for federal taxes Calculate total 9 How much RRSP carryover room will he have for 2020? Answer: out of Use the following information to answer questions 1-5. Abdul is studying accounting at York and decided to use the time he now has to spend at home to help his friends and family file their taxes. His brother enthusiastically took him up on his offer and provided the following information to Abdul. Use this information to answer the questions below. Use 2019 tax tables and amounts in your calculations. (You need to look this up online) Income from his Salary: $62,500 2019 RRSP contributions (made in January 2020): $10,000 Charitable contributions: $500 Medical expenses: $1200 Transit passes: $1,800 Union dues: $240 Interest paid on student loans: $876 Capital gains from selling shares: $1,400 Rental Income: $18,000 Rental expenses: $9,500 Taxes withheld from his paycheque in 2019: $7,745 *Note, for this problem you are ignoring provincial taxes. Just use information for federal taxes Calculate total 9 How much RRSP carryover room will he have for 2020? Answer: out of

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