Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When preparing an income tax return, which categories (deductions, etc) would these points fall under? RogerArmstrong (D.O.B. 1967-01-01) is an insurance broker who has been
When preparing an income tax return, which categories (deductions, etc) would these points fall under?
- RogerArmstrong (D.O.B. 1967-01-01) is an insurance broker who has been very successful at his job in the last few years.
- Three years ago, his only child, Victoria, was driving a car that was hit by a distracted driver. She and her husband were killed, and their 13-year-old son, Geoffrey, was blinded by the accident.
- Roger and his wife, Isabella, adopted Geoffrey. Isabella quit her part-time job to care for him.
- Isabellas parents went through a nasty separation a few years ago and Rita moved in with Roger and Isabella. Isabellas fathers (Michael) current location is unknown, but it is believed that he is living somewhere in the Baltic.
- Isabelle cares for her mother, Rita, who lives with them. Rita suffers from dementia. The family doctor has signed a letter stating that she is dependent on Roger and Rita because of her impairment. Rita does not meet the residency requirements necessary to qualify for Canadian Old Age Security.
- In addition to his salary, Roger also earns commissions. His employer requires him to have an office in his home and has signed the form T2200 each year to this effect.
- In January 2018, Michael was arrested in Estonia. Isabella had to spend three weeks in Estonia before she could get him released from jail.
- During this time, Roger paid Nannies on Call $5,000 for in-home help to take care of Geoffrey while Isabella was away.
- During the year, Rogers employer reimbursed $4,000 for meals and entertainment with clients, $3,500 for hotels and $6,000 for airline tickets.
- Roger paid $800 for the care and feeding of Geoffreys seeing eye dog.
- During the year, Isabella and Roger made donations of $5,000 and $1,000, respectively, to the Seeing Eye Dog Society.
- During the 2018 taxation year, Roger paid for the following medical expenses for the following individuals:
Name | Procedure | Amount |
Roger | Dental | $500 |
Roger | New Glasses | $1,200 |
Roger | Prescriptions | $250 |
Isabella | Dental | $400 |
Rita | Prescriptions | $800 |
Geoffrey | Dental | $700 |
- Finally, Roger has a home office which is used exclusively for to earn income and approximately 1/5th of the houses square footage is dedicated to the home office. During the 2018 taxation year, Roger incurred the following expenses:
Expense | Amount |
Hydro | $3,000 |
Insurance | $1,200 |
Maintenance | $4,500 |
Mortgage Interest | $7,000 |
Mortgage Life Insurance | $600 |
Property Taxes | $6,500 |
Name | Isabella Armstrong | Geoffrey Armstrong | Rita Johnson | Michael Johnson |
Date of Birth | 1966-01-01 | 2003-02-01 | 1950-03-01 | 1950-02-01 |
Income | $9,500 | $0 | $600 | $500 |
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