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Use the following information to prepare for the assignment. Use the information to fill out a 2007 income tax form - federal and provincial (Ontario).
Use the following information to prepare for the assignment. Use the information to fill out a 2007 income tax form - federal and provincial (Ontario).
Mitchell is single, lives in a rented apartment. He has recently graduated from university and is currently employed as an insurance agent. The following is the information that he needs to complete his 2007 income tax form:
COMPLETE - Schedule 1 - Ontario Tax Form ON 428 - Ontario Credits ON 479 - T1 General - page 4 - Tax Rates
\begin{tabular}{|l|c|} \hline Employment Income & 23,000 \\ \hline Interest Income & 150 \\ \hline RRSP Conribution & 1,200 \\ \hline Professional Dues & 125 \\ \hline CPP Contributions & 965 \\ \hline El Premiums & 414 \\ \hline Public Transit Passes & 375 \\ \hline Charitable Donations & 140 \\ \hline Tuition & 2,263 \\ \hline Education Amount and Textbooks (4 Months full-time, Column C) & 2,600 \\ \hline OSAP Interest Payment & 4,200 \\ \hline Income Tax Deducted at Source & 490 \\ \hline Rent (Ontario Tax Credit) & \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline Employment Income & 23,000 \\ \hline Interest Income & 150 \\ \hline RRSP Conribution & 1,200 \\ \hline Professional Dues & 125 \\ \hline CPP Contributions & 965 \\ \hline El Premiums & 414 \\ \hline Public Transit Passes & 375 \\ \hline Charitable Donations & 140 \\ \hline Tuition & 2,263 \\ \hline Education Amount and Textbooks (4 Months full-time, Column C) & 2,600 \\ \hline OSAP Interest Payment & 4,200 \\ \hline Income Tax Deducted at Source & 490 \\ \hline Rent (Ontario Tax Credit) & \\ \hline \end{tabular}Step by Step Solution
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