Chapter 11 AP modified.pdf - Tax Software Assignment...

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1 Tax Software Assignment Problem Eleven - 1 This problem is an expansion of the Byrd & Chen Canadian Tax Principles Chapter 4 problem, which has been modified for TAXX 2202. DISCLAIMER: All characters appearing in this problem are fictitious. Any resemblance to real persons, living or dead, is purely coincidental. Mr. Buddy Musician (SIN 527-000-061) was born in Vancouver on August 28, 1951. He has spent most of his working life as a pianist and song writer. He and his family live at 111 WWW Street, Vancouver, B.C. V4H 3W4, phone (604) 111-1111. Mr. Musician’s wife, Natasha (SIN 527-000-129), was born on June 6, 1973. Natasha’s only income during 2018 is $3,000 from singing engagements. Dependent Information Natasha and Buddy Musician have two children. Each child was born on April 1 of the following years, Linda; 2013, and Donna; 2015 (leave social insurance numbers blank on the dependent form). Buddy and Natasha Musician also have two adopted children. 1. Richard (SIN 527-000-285) was born on March 15, 2001 and has income of $2,800 for the year. Due to his accelerated schooling, he started full time attendance at university in September of 2018 at the age of 17. His first semester tuition fee is $3,000 and he requires books with a total cost of $375. These amounts are paid by Mr. Musician. 2. Sarah, was born on September 2, 1998, and is in full time attendance at university for all of 2018 (including a four month summer session). Her tuition is $9,600 and she requires textbooks which cost $750. These amounts are also paid by Mr.
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  • Fall '12
  • mike
  • Taxation in the United States, Taxation in Canada, Natasha Musician

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