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Questions on Taxation 2022

   

Added on  2022-09-17

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Running head: TAXATION
Taxation
Name of the Student
Name of the University
Author Note
Questions on Taxation 2022_1

1TAXATION
Question 1
a)
shares $5000
interest $50000
lottery $ 100,000
taxable 155000
b)
38% * 155000 = 58900
c)
the RRSP limit is18% with an excess amount of $ 26500
d)
sale of vacant land is better to be treated as Capital income as that of business income is
because the rates are less.
Question 2
a) Net income for the year
Income from business $250000
Income from interest $10000
Surplus operating case $2000
Questions on Taxation 2022_2

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