Gloria Black was new employee to ABC Business, she is a single parent living with her 17-year-old son---Mark, who studied fulltime (four months) this year. Mark's tuition fees for 2018 are $6000. Mark is expected to earn $3500 in 2018 and will not use his tuition credit amount s when filing his personal income tax return (Gloria's Date of Birth: Aug1, 1963, SIN#567 123 789 address: 123 Alpha Rd, Scarborough, ON M2W 3P6) Required : 1) Please fill out Gloria's TD1 Form using 2018 Federal TD1 form with basic personal exemption amount: $11,809 (Please show me the detailed calculations in one piece of paper and fill out the attached TD1 form)
Gloria Black was new employee to ABC Business, she is a single parent living with her 17-year-old son---Mark, who studied fulltime (four months) this year. Mark's tuition fees for 2018 are $6000. Mark is expected to earn $3500 in 2018 and will not use his tuition credit amount s when filing his personal income tax return (Gloria's Date of Birth: Aug1, 1963, SIN#567 123 789 address: 123 Alpha Rd, Scarborough, ON M2W 3P6) Required : 1) Please fill out Gloria's TD1 Form using 2018 Federal TD1 form with basic personal exemption amount: $11,809 (Please show me the detailed calculations in one piece of paper and fill out the attached TD1 form)
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 67TA
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Question
Gloria Black was new employee to ABC Business, she is a single parent living with her 17-year-old son---Mark, who studied fulltime (four months) this year. Mark's tuition fees for 2018 are $6000. Mark is expected to earn $3500 in 2018 and
will not use his tuition credit amount s when filing his personal income tax return
(Gloria's Date of Birth: Aug1, 1963, SIN#567 123 789 address: 123 Alpha Rd, Scarborough, ON M2W 3P6)
Required :
1) Please fill out Gloria's TD1 Form using 2018 Federal TD1 form with basic personal exemption amount: $11,809
(Please show me the detailed calculations in one piece of paper and fill out the attached TD1 form)
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT