Unformatted text preview: 4,000 Low-interest loan benefit 2,500 32,500 Registered pension plan contribution (3,200 ) 29,300 Share of partnership income from a retail store 7,000 Rental of a basement apartment 9,000 Support payments received in respect of the children 18,000 Interest income 5,000 $68,300 Required : (i) Determine the maximum child care deduction for Ms. Antibellum for 2008. Show all parts of the calculation. (ii) Explain why you excluded any of the above amounts in your calculation (i), above....
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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