Stu Little has self-employment net income of $62,000 in 2023. Prior to this year, he was employed full-time and his employer's withholdings more than covered his tax liability for the year. Stu estimates that, based on his self-employment income, his net tax owing for 2023 will be $9,800. Which of the following statements is true? 

A. Stu must file his return for 2023 by April 30, 2024.

 B. Stu should pay instalments in 2023. 

C. Stu must pay his income tax for 2023 by June 15, 2024. 

D. If Stu has as much income in 2024 as he had in 2023, he will have to pay instalments during 2024.21. 

Providing employees with private health care benefits involves what type of tax planning?

 A. Tax avoidance. 

B. Tax evasion. 

C. Tax deferral. 

D. Income splitting

Answer rating: 100% (QA)

Answer I The correct option is C II i Providing employees with private health care ben... View the full answer