Marcus Semien moved from Toronto to Vancouver in 2021 to start a new job. He earned...

      

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Marcus Semien moved from Toronto to Vancouver in 2021 to start a new job. He earned $40,000 from his Toronto job and $50,000 from his Vancouver job in the year of the move. Marcus incurred the following costs of moving: Moving van to transport household effects Meals costs for the five-day move Hotel costs for the five-day move Fuel costs for the five-day move (all travel was by car) House hunting trip costs (prior to Vancouver move) 5,000 1,000 500 1,500 800 Marcus, his spouse and their two children all made the move to Vancouver. The distance traveled by car was 4,430 kilometres. Which one of the following amounts represents the maximum amount Marcus Semien can deduct as moving expenses on his 2021 personal income tax return, rounded to the nearest dollar? Hyun-Jin Ryu had earned income of $95,000 in 2020. At the end of 2020, Hyun-Jin had unused RRSP contribution room carried forward of $12,000. Hyun-Jin's pension adjustment found on his 2020 T4 was $5,000. Based on this information, what is Hyun-Jin Ryu's maximum deductible RRSP contribution limit for the 2021 taxation year? Lourdes Gurriel Jr. has taxable income of $200,000 on line 26000 of his 2021 personal income tax return. What is the federal tax owing on this taxable income, before calculating and applying federal non-refundable tax credits? Round your answer to the nearest dollar. Vladimir Guerrero Jr. has provided you with the following select information from his 2021 personal income tax return: Employment income (line 10100) Total income (line 15000) Net income (line 23600) Taxable income (line 26000) Net federal tax (line 42000) Provincial tax (line 42800) Taxes payable (line 43500) 10,000 10,000 9,980 9,980 0 0 0 The following information relates to the employment income received: Gross pay received Less: CPP withheld from paycheques Less: El withheld from paycheques Less: income taxes withheld from paycheques Net pay received Vladimir did not have any overpayments of CPP and El for 2021, Using the above information, calculate Vladimir Guerrero's income tax refund or balance due on his 2021 personal income tax return. 10,000 (341) (158) (750) 8,751 Vladimir Guerrero Jr. has provided you with the following select information from his 2021 personal income tax return: Employment income (line 10100) Total income (line 15000) Net income (line 23600) Taxable income (line 26000) Net federal tax (line 42000) Provincial tax (line 42800) Taxes payable (line 43500) 10,000 10,000 9,980 9,980 000 The following information relates to the employment income received: Gross pay received Less: CPP withheld from paycheques Less: El withheld from paycheques 10,000 (341) (158) (750) 8,751 Less: income taxes withheld from paycheques Net pay received Vladimir did not have any overpayments of CPP and El for 2021. Using the above information, calculate Vladimir Guerrero's income tax refund or balance due on his 2021 personal income tax return. Marcus Semien moved from Toronto to Vancouver in 2021 to start a new job. He earned $40,000 from his Toronto job and $50,000 from his Vancouver job in the year of the move. Marcus incurred the following costs of moving: Moving van to transport household effects Meals costs for the five-day move Hotel costs for the five-day move Fuel costs for the five-day move (all travel was by car) House hunting trip costs (prior to Vancouver move) 5,000 1,000 500 1,500 800 Marcus, his spouse and their two children all made the move to Vancouver. The distance traveled by car was 4,430 kilometres. Which one of the following amounts represents the maximum amount Marcus Semien can deduct as moving expenses on his 2021 personal income tax return, rounded to the nearest dollar? Hyun-Jin Ryu had earned income of $95,000 in 2020. At the end of 2020, Hyun-Jin had unused RRSP contribution room carried forward of $12,000. Hyun-Jin's pension adjustment found on his 2020 T4 was $5,000. Based on this information, what is Hyun-Jin Ryu's maximum deductible RRSP contribution limit for the 2021 taxation year? Lourdes Gurriel Jr. has taxable income of $200,000 on line 26000 of his 2021 personal income tax return. What is the federal tax owing on this taxable income, before calculating and applying federal non-refundable tax credits? Round your answer to the nearest dollar. Vladimir Guerrero Jr. has provided you with the following select information from his 2021 personal income tax return: Employment income (line 10100) Total income (line 15000) Net income (line 23600) Taxable income (line 26000) Net federal tax (line 42000) Provincial tax (line 42800) Taxes payable (line 43500) 10,000 10,000 9,980 9,980 0 0 0 The following information relates to the employment income received: Gross pay received Less: CPP withheld from paycheques Less: El withheld from paycheques Less: income taxes withheld from paycheques Net pay received Vladimir did not have any overpayments of CPP and El for 2021, Using the above information, calculate Vladimir Guerrero's income tax refund or balance due on his 2021 personal income tax return. 10,000 (341) (158) (750) 8,751 Vladimir Guerrero Jr. has provided you with the following select information from his 2021 personal income tax return: Employment income (line 10100) Total income (line 15000) Net income (line 23600) Taxable income (line 26000) Net federal tax (line 42000) Provincial tax (line 42800) Taxes payable (line 43500) 10,000 10,000 9,980 9,980 000 The following information relates to the employment income received: Gross pay received Less: CPP withheld from paycheques Less: El withheld from paycheques 10,000 (341) (158) (750) 8,751 Less: income taxes withheld from paycheques Net pay received Vladimir did not have any overpayments of CPP and El for 2021. Using the above information, calculate Vladimir Guerrero's income tax refund or balance due on his 2021 personal income tax return.

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1 Determine the maximum amount Marcus Semien can deduct as moving expenses on his 2021 personal income tax return Eligible moving expenses include Mov... View the full answer