E Homework: Question 14, Question an/ nato0. ints Homework X Save Additional info (part 1) Dr. Jessica Roberts has , Jessica was required to retire from her occup years of receiving a very large salary as a s Item Amount paid the following amounts during 2020, t Dividends from public Canadian corporations (subject to high corporate tax $23,500 rates): i(Click on the icon to Dividends from private Canadian corporations (subject to low corporate tax 32,500 i (Click on the icon to rates): Interest income received from Canadian sources: 18,400 Required Dividends from foreign corporations (translated into Canadian dollars): 12,200 Note: Total foreign dividends earned was $13,650 less foreign tax withheld of $1,450. Requirement 1. Comp Jessica's portfolio of investments includes a five-year investment contract purchased three years ago on September 1. The investment contract has a maturity value of $160,000 and an annual Fill in the table below to interest rate of 3%. The total interest earned on the investment contract will be paid on maturity on Ign.) September 1, 2022, two years from now. Jessica did not receive any interest (cash) from this Property Income investment contract in 2020. Eligible dividends Jessica's portfolio of investments is managed by a large Canadian brokerage firm called Appleton Ineligible dividends Investments Inc. ("Appleton") Appleton charges Jessica investment counsel fees of $5,400 during 2020. Interest income Foreign dividends Net rental income Carrying Charges Print DoneHomework: Chap O 38 points Homework X Additional info (part 2) Save Dr. Jessica Roberts has hired yo eyesight, Jessica was required to retire from her occupation at a In 2019, the previous year, Jessica received a large family inheritance, which she esult of years of receiving a very large salary as a surgeon a invested into a rental property. The property was purchased in 2019, and Jessica o which paid the following amounts during 2020, the currer has claimed the maximum amount of capital cost allowance (CCA) on the property i (Click on the icon to view Pa in 2019. In 2020, the opening UCC balance in CCA Class 1 for the rental building is $330,000 and Jessica would like to claim the maximum CCA deduction on the rental income in 2020. The rental income and expense information for 2020 is as i (Click on the icon to view Pa follows. Required Item Amount Rental income: $2,550 per month Property tax: 5,200 for the year Requirement 1. Compute Dr. R Property insurance: 140 per month Property management fees: 160 per month Fill in the table below to compute Utilities: 590 per month minus sign.) Property Income Repair of a leaky faucet and water 1,300 Eligible dividends damage: Ineligible dividends To assist with filing her tax return, Jessica provides you with detailed records from Interest income her bank. The documents indicate that Jessica has borrowed the following amounts from her hank Foreign dividends Net rental income Carrying Charges Print Done Etext pages Calculator Check answerQuaction 14 Quaction E Homework: Chap 38 points Homework X It Additional info (part 2) Save Dr. Jessica Roberts has hired yo Rental income: $2,550 per month eyesight, Jessica was required to retire from her occupation at a esult of years of receiving a very large salary as a surgeon a Property tax: 5,200 for the year o which paid the following amounts during 2020, the currer Property insurance: 140 per month i (Click on the icon to view P Property management fees: 160 per month Utilities: 590 per month i (Click on the icon to view P Repair of a leaky faucet and water 1,300 damage: Required To assist with filing her tax return, Jessica provides you with detailed records from her bank. The documents indicate that Jessica has borrowed the following amounts from her bank. Requirement 1. Compute Dr. R . $215,000 mortgage on the rental property with principal repayments totalling $15,500 and interest payments of $6,400 for 2020 Fill in the table below to compute $370,000 mortgage on Dr. Roberts's personal home with principal repayments minus sign.) Property Income totalling $21,000 and interest payments of $8,400 for 2020 Eligible dividends $175,000 loan used to purchase mutual funds with Appleton Investments Inc. Jessica paid interest of $4,800 on this loan during 2020. Ineligible dividends . $51,000 loan used to purchase Jessica's personal use vehicle. Jessica paid Interest income $2,330 of interest on this loan during 2020. Foreign dividends Net rental income Carrying Charges Print Done Etext pages Calculator Check answerQuestion 14, Question E Homework: Chapter 7 7.1.14 HW Score: 0%, 0 of 38 points Homework Part 1 of 5 O Points: 0 of 10 Save Dr. Jessica Roberts has hired your professional services to file her income tax return. Dr. Roberts is a retired surgeon. Due to her failing eyesight, Jessica was required to retire from her occupation at a younger age than normal. Fortunately, Jessica has more than enough income to support herself as a result of years of receiving a rect very large salary as a surgeon and a family inheritance. Jessica has invested most of her past employment earnings into a large portfolio which paid the following amounts during 2020, the current year. i (Click on the icon to view Part 1 of the additional information.) i (Click on the icon to view Part 2 of the additional information.) Required Requirement 1. Compute Dr. Roberts's net property income for 2020. Fill in the table below to compute the net property income. (Round amounts to the nearest cent. Enter deductions with parentheses or a minus sign.) Property Income Amount Eligible dividends Ineligible dividends Interest income Foreign dividends Net rental income Carrying Charges