In the three independent cases which follow, assume that Sue Smith combined federal and provincial Tax Payable is as follows:

2017                                         $14,256

2018                                            15,776

2019 (Estimated)                         16,483

The amount Sue’s employer withholds for the three independent cases is as follows:

Case 1 $11,800 in 2017, $14,150 in 2018, and $12,400 (estimated) in 2019.

Case 2 $14,920 in 2017, $11,400 in 2018, and $13,226 (estimated) in 2019.

Case 3 $11,220 in 2017, $13,275 in 2018, and $12,873 (estimated) in 2019.

Required:

A. For each of the three cases:

_ indicate whether instalments are required for the 2019 taxation year;

_ in those Cases where instalments are required, calculate the amount of the instalments that would be required under each of the three acceptable methods;

_ in those cases where instalments are required, indicate which of the three acceptable methods would be the best alternative.

B. For those Cases where instalments are required, indicate the dates on which the payments will be due.

Answer rating: 100% (QA)

a In this case tax owed is equal to total payable minus employers withheld amount If your net tax owing is more than 3000 in 2019 and in either 2018 or 2017 it is payable by installments Case 1 2017 E... View the full answer