Test Information

DescriptionThis assignment requires you to complete the2019tax reporting for a fictional woman named Anna Smith.

You must answer a series of questions that align directly with amounts found on her completed tax forms, therefore the necessary tax forms must be completed, or at least commenced, before you will be able to answer the questions.The profile for Anna Smith as well as her financial documents will also be essentialand can be found in the assignment folder.The necessary tax forms, to which links are provided, can also be located in the assignment folder.

QUESTION 1

1. T2125
2. - part 3B - line 3H
3. - part 3C - line 8299
4. - part 4 - line 4A
5. (all same value)

QUESTION 2

1. *BONUS
2. T2125 - part 7 - line 7H
3. subtotal of business-use-of-home expenses

QUESTION 3

1. *BONUS
2. T2125 - part 7 - line 7I
3. personal portion of the business-use-of-home expenses

QUESTION 4

1. *BONUS
2. T2125 - part 7 - line 7J
3. business portion of business-use-of-home expenses

QUESTION 5

1. *BONUS
2. T2125- Area B - line 9925
3. total of the new equipment expenses from the year