Question: 29. In 2017, Ralph was looking at summarizing his non-refundable tax credits as he wanted to see what he could claim against his taxes payable.


29. In 2017, Ralph was looking at summarizing his non-refundable tax credits as he wanted to see what he could claim against his taxes payable. As Ralph does not know anything about taxes, he has just provided you with a list of items: basic personal amount of $11,635, charitable donations $200, spouse's basic personal amount $11,635 (she has no income so he will be claiming her on his tax return), Tax-Free Savings Account contribution $10,000, moving expenses of $1,000, interest paid on his qualifying student loans of $500. What is the non-refundable tax credit amount when converted at the non-refundable tax credit rate of 15%? 3) $5,290.50 b) $3,595.50 c) $2,045.25 cl) $1,745.25
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