Recommendation on Tax Implication | Memo

Running head: TAX
Tax
Name of the Student:
Name of the University:
Authors Note:

TAX
1
MEMO
Date: 19 April, 2020.
Place: Roseville, Ontario
To: Rosy Evans
From: Professional tax expert.
Sub: Recommendation on tax implications on income and other transactions.
Total income:
Total income of Rosy Evans for 2019 is $84,395 as per the income tax return.
Net income:
Net income of Rosy for the period as per her income tax return is same as her total income
$84,395.
Total tax liability and tax payable or refund:
Total tax liability on the amount of taxable income of Rosy is $10,519.07 for the year 2019 with
$12,000 already paid as tax instalment Ms Rosy is eligible for a tax refund of $1,704.93.
Recommendation on tax implications:
Medical disability amount:
The amount of expenditure incurred by Rosy on her disable and dependant mother is only
allowed as deduction if all the necessary conditions attached to medical expenses have been
complied with by her.