Question
Use the following information to fill out Mitchell's 2015 income tax forms - Federal and Ontario: Employment Income: 26,500 Interest Income (T5): 40 RRSP deduction:
- Use the following information to fill out Mitchell's 2015 income tax forms - Federal and Ontario:
Employment Income: 26,500
Interest Income (T5): 40
RRSP deduction: 950
Professional dues (T4): 165
CPP contributions (T4): 1,138
Employment insurance premiums (T4): 498
Charitable donations: 75
Tuition 3,733:
Public Transit: 225
Education amount and textbooks (4 months full-time, Column C)Use schedule 11 to calculate this. Assume he has no unused tuition.
Interest payment on student loans: 245
Income tax deducted at source (T4): 2,085
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
