Sara has the following information for her Income Tax Return this year: Net Taxable Capital Gains $20,000

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Sara has the following information for her Income Tax Return this year:

Net Taxable Capital Gains	$20,000
CPP Payroll Deduction, (net at 97% already)	$1,500
Employment Income	$25,000
EI Payroll Deduction	$500
RRSP Deduction	$5,000

Please choose the most accurate answer?

		The Non-Refundable Credit, Line 33500 is $15,229 The Total Income, Line 15000 is $40,000
		The Non-Refundable Credit, Line 35000 is $13,229 The Total Income, Line 15000 is $38,000
		The Non-Refundable Credit, Line 33500 is $16,474 The Total Income, Line 15000 is $45,000
		The Non-Refundable Credit, Line 35000 is $15,229 The Total Income, Line 15000 is $45,000

Related Book For answer-question

answer-question

Core Concepts of Accounting

Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Posted Date: Jan 14, 2022 08:05 AM

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