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Unformatted text preview: (a) the payments must be made on a periodic basis (b) the payments must be made for a period of time that the spouses or former spouses are living apart (c) the payments must be made pursuant to a separation agreement (d) the children for whom the payments are made must be children of the marriage Q22. Ms. Marilyn has approached you to determine the maximum RRSP contribution, which is tax deductible, that she can make for 2008. The following information was taken from Ms. Marilyns 2007 tax return. Income from employment $50,650 CPP 2,049 EI 711 RPP contributions 1,500 Moving expenses 300 Spousal support payments 3,000 Loss on rental property 1,800 Interest income 300 The pension adjustment reported by Ms. Marilyn's employer for 2007 was $2,000. The maximum, tax deductible RRSP contribution Ms. Marilyn can make in 2008 is: (a) $6,793 (b) $18,000 (c) $5,929 (d) $6,253 Page 1...
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This note was uploaded on 11/19/2010 for the course ACC 742 taught by Professor Sydor during the Spring '10 term at Ryerson.
- Spring '10