10.2 - 4,000.00 $ RRSP 3,000.00 $ CHILD CARE EXPENSES...

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    INCOME TAX MODEL
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BASIC   INCOME TAX MODEL    PART 1 TOTAL INCOME 52,000.00 $ TOTAL DEDUCTION 10,000.00 $ 42,000.00 $ TAXES @ EFFECTIVE TAX RATE 18.68% 7,845.60 $
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BASIC  INCOME TAX MODEL     PART 2 TOTAL INCOME 52,000.00 $ TOTAL DEDUCTION 10,000.00 $ 42,000.00 $ TAXES @ EFFECTIVE TAX RATE 18.68% 7,845.60 $ TOTAL CREDITS (1,290.00) $ TAXES PAID (11,000.00) $ TAXES OWING (REFUND) (4,444.40) $
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DETAILS  INCOME TAX MODEL    PART 1 INCOME EMPLOYMENT INCOME 50,000.00 $ INTEREST INCOME 2,000.00 $ TOTAL INCOME 52,000.00 $ DEDICATIONS REGISTERED PENSION PLAN
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Unformatted text preview: 4,000.00 $ RRSP 3,000.00 $ CHILD CARE EXPENSES 1,000.00 $ ANNUAL PROFESSIONAL FEES 2,000.00 $ TOTAL DEDUCTION 10,000.00 $ TAXABLE INCOME 42,000.00 $ DETAILS INCOME TAX MODEL PART 2 TAXES @ EFFECTIVE TAX RATE 18.68% 7,845.60 $ NON-REFUNDABLE TAX CREDITS TUITION 5,000.00 $ INTEREST ON STUDENT LOANS 1,500.00 $ DONATIONS 1,000.00 $ 7,500.00 $ 25.00% 1,875.00 $ TOTAL CREDITS (1,875.00) $ TAXES PAID (11,000.00) $ TAXES OWING (REFUND) (5,029.40) $...
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This note was uploaded on 11/13/2011 for the course CIVE 2*** taught by Professor - during the Spring '11 term at Carleton CA.

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10.2 - 4,000.00 $ RRSP 3,000.00 $ CHILD CARE EXPENSES...

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