What jennifer taxable income for 2019

Assignment Help Finance Basics
Reference no: EM132537847

Jennifer is a single woman, aged 32. She works for Spotify as a human resources manager for the Quebec region, earning $102,000 a year. Her company offers its employees a Group RRSP and matches her personal contributions to the plan of $5,000 a year. Jennifer also pays $500 in professional dues to the Human Resources Professional Association. In 2019, Jennifer contributed the maximum to Employment Insurance (EI), the Quebec Pension Plan (QPP) and the Quebec Provincial Parental Insurance Program (PPIP). Spotify also offers a medical plan, the premium of which is $980 for a single individual. Jennifer incurred $3,000 of unreimbursed medical expenses in 2019.

Refer to the 2019 Federal Income Tax and Benefit Guide and Income Tax and Benefit Return for residents of Quebec.

a) What was Jennifer's taxable income for 2019?

b) Calculate each of Jennifer's Federal non-refundable tax credit amounts. Then, calculate her total non-refundable tax credits

Reference no: EM132537847

Questions Cloud

How many months will take : Cooling Tools, Inc. is currently producing 670 of small refrigerators per month but the company's CEO plans to increase production at a rate of 6.30 percent
Identify multiple revenue opportunities for facilities : Identify multiple revenue opportunities for facilities?
Average annual growth rate of dividends : Yesterday it paid a dividend of $5. What was the average annual growth rate of dividends for this firm?
Maturity structure of debt : "what are some of the factors that a CFO considers when choosing the maturity structure of their debt?"
What jennifer taxable income for 2019 : Refer to the 2019 Federal Income Tax and Benefit Guide and Income Tax and Benefit Return for residents of Quebec.
What is the issue here and how can it be resolved : As the owner of CCC, which project would Frank prefer? What is the issue here and how can it be resolved?
What annual rate would the following have : At what annual rate would the following have to be invested? $4,607, to grow to $21,939, in 15 years. Round the answer to two decimal places in percentage form.
How much safety stock should the company keep : Assuming Archers Corp.'s inventory may take as 9 days to respond. How much safety stock should the company keep?
How much should meowth inc pay at the end : How much should Meowth Inc. pay at the end of the 4-month period?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd