tion ch 6/Study Guide Assignment Problems Type 2 Problems Problem 14 is a football player with the Saskatchewan Roughriders. In the and is eligible for a CFL penision in Trent Zalinski recently retired Ca vears. He and his wife Mary have he received his salary of S150,0 his salary of S150,000 from the tearn 15 years settled in Weyburn, Saskatchewan, where he runs a small sporting Sakatchewia additional inio oods store as a proprietorship, He has provided you with the to (a) His net income frorm the store for the fiscal year ended Decem 31 was $35,000. Next year he is eek and is paid $6 per hour. This hoping to double that. Mary works in the store about 35 hours aw is already included as an expense in determining the $35 (b) Trent's other current-year receipts ,000 are: fees received from endorsement of a brand of football equipment, $30,000; eligible dividends foreign public corporations, (net of $750 withholding tax) $6,750, interest rom Canadiat $3,000 from Canadian public corporations, $7,200, dividends from (c) Trent also had the following expenses cycling trip to Cypress Hills Provincial Park with family (d) In May of the previous year, Trent purchased a five.year GIC in Mary's name. The interest rate Trent has asked you to calculate his income for tax purposes. In addition, he wants you to provide $2,200; interest on bank loan to acquire public company shares, 34,050 was 6%, and it was for $10,000. None of the interest is receivable until maturity in five years. any basic tax planning advice that might be appropriate tion ch 6/Study Guide Assignment Problems Type 2 Problems Problem 14 is a football player with the Saskatchewan Roughriders. In the and is eligible for a CFL penision in Trent Zalinski recently retired Ca vears. He and his wife Mary have he received his salary of S150,0 his salary of S150,000 from the tearn 15 years settled in Weyburn, Saskatchewan, where he runs a small sporting Sakatchewia additional inio oods store as a proprietorship, He has provided you with the to (a) His net income frorm the store for the fiscal year ended Decem 31 was $35,000. Next year he is eek and is paid $6 per hour. This hoping to double that. Mary works in the store about 35 hours aw is already included as an expense in determining the $35 (b) Trent's other current-year receipts ,000 are: fees received from endorsement of a brand of football equipment, $30,000; eligible dividends foreign public corporations, (net of $750 withholding tax) $6,750, interest rom Canadiat $3,000 from Canadian public corporations, $7,200, dividends from (c) Trent also had the following expenses cycling trip to Cypress Hills Provincial Park with family (d) In May of the previous year, Trent purchased a five.year GIC in Mary's name. The interest rate Trent has asked you to calculate his income for tax purposes. In addition, he wants you to provide $2,200; interest on bank loan to acquire public company shares, 34,050 was 6%, and it was for $10,000. None of the interest is receivable until maturity in five years. any basic tax planning advice that might be appropriate