Cooper has the following income and expenses for the year: Income Salary $50,000 Interest income $ 350

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Cooper has the following income and expenses for the year:

Income Salary $50,000

Interest income $ 350

Canadian Eligible Dividend income $ 500

Capital Gains $ 1,700

Expenses RRSP contribution $ 2,500

Childcare expenses $ 5,000.

What is Cooper’s Total income for tax purposes? Use a dividend gross-up of 38%

A. $50,050

B. $45,050

C. $44,875

D. $44,390

Posted Date: Nov 29, 2021 05:30 PM

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Cooper has the following income and expenses for the year: Income Salary $50,000 Interest income $ 350

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B 45050 Particulars Tancible income Inc... View the full answer

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