Jim Simpson has gathered the following information for his 2020 federal tax return: Amount ($) Earnings...

   

Transcribed Image Text:

Jim Simpson has gathered the following information for his 2020 federal tax return: Amount ($) Earnings from wages 49,500.00 Interest earned from GIC 125.00 Eligible dividend income 200.00 RRSP deduction 2,500.00 Savings account interest 75.00 Child care deduction 6,700.00 Union Dues 480.00 Total non-refundable tax credit amounts 13,800.00 Federal income tax deducted at source 7,168.00 Filing status head of household - Calculate the following items from his annual return and match the correct values from the drop-down list on the right. Total Income Choose.... Total Deductions. Choose... Taxable Income Choose... Federal Tax Liability Choose O O Union Dues 480.00 Total non-refundable tax credit amounts 13,800.00 Federal income tax deducted at source 7,168.00 Filing status - head of household Calculate the following items from his annual return and match the correct values from the drop-down list on the right. Total Income Choose.... Total Deductions Choose... Taxable Income Choose... Federal Tax Liability Choose... : Average Federal Tax Rate Choose... + Refund Amount Choose... : O + 4 Jim Simpson has gathered the following information for his 2020 federal tax return: Amount ($) Earnings from wages 49,500.00 Interest earned from GIC 125.00 Eligible dividend income 200.00 RRSP deduction 2,500.00 Savings account interest 75.00 Child care deduction 6,700.00 Union Dues 480.00 Total non-refundable tax credit amounts 13,800.00 Federal income tax deducted at source 7,168.00 Filing status head of household - Calculate the following items from his annual return and match the correct values from the drop-down list on the right. Total Income Choose.... Total Deductions. Choose... Taxable Income Choose... Federal Tax Liability Choose O O Union Dues 480.00 Total non-refundable tax credit amounts 13,800.00 Federal income tax deducted at source 7,168.00 Filing status - head of household Calculate the following items from his annual return and match the correct values from the drop-down list on the right. Total Income Choose.... Total Deductions Choose... Taxable Income Choose... Federal Tax Liability Choose... : Average Federal Tax Rate Choose... + Refund Amount Choose... : O + 4

Answer rating: 100% (QA)

earning from wages Interest earned form GIC dividend income s... View the full answer