Charles Hughes was a university student in full-time attendance for 30 weeks and worked as a...

  

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Charles Hughes was a university student in full-time attendance for 30 weeks and worked as a salesman for the balance of the year. His wife, Cathy, was also employed. The Hughes have four children: Sharon 17, Shawn 14, Sally 6 and Stephen 4. Child care expenses for the year amounted to $200 per week for 52 weeks. Charles' and Cathy's receipts and withholdings are summarized below: Gross salary... Taxable fringe benefits Interest income... Scholarship.... Student loan. Charles Cathy $23,000 $47,000 850 200 ... 4,000 3,600 2,500 Deductions from Charles' and Cathy's employment income were: Charles Cathy $ 3,800 $13,700 3,700 Income taxes withheld RPP contributions.. 2,000 Calculate the child care expenses deduction allowed to Charles and Cathy for 2016. Charles Hughes was a university student in full-time attendance for 30 weeks and worked as a salesman for the balance of the year. His wife, Cathy, was also employed. The Hughes have four children: Sharon 17, Shawn 14, Sally 6 and Stephen 4. Child care expenses for the year amounted to $200 per week for 52 weeks. Charles' and Cathy's receipts and withholdings are summarized below: Gross salary... Taxable fringe benefits Interest income... Scholarship.... Student loan. Charles Cathy $23,000 $47,000 850 200 ... 4,000 3,600 2,500 Deductions from Charles' and Cathy's employment income were: Charles Cathy $ 3,800 $13,700 3,700 Income taxes withheld RPP contributions.. 2,000 Calculate the child care expenses deduction allowed to Charles and Cathy for 2016.

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Child care expenses can be claimed as deduction upto a lim... View the full answer