All of the following people will have to pay tax by instalments this year, except:
A)Jane White, who received a one-time bonus of $60,000 last year and, because her employer had not deducted enough tax, found herself with net tax owing of $8,200.
B)Karen Phillips, who has started to earn investment income, which resulted in net tax owing of $3,100 last year.Her investment income is expected to be even greater this year.
C)Blake Fortin, who established a sole proprietorship two years ago.Blake had a very successful first year and, as result, he had net tax owing that year of $85,000.Business dropped in his second year, resulting in net tax owing of only $1,500.This year, busi- ness has picked up again and he expects to have net tax owing of $53,000.
D)Terri Jones, who has had net taxable capital gains on real estate in excess of $40,000 in each of the last two years, and who expects to have similar gains this year.

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The Answer of All of the following people will have to pay tax by instalments this year, except:
A)Jane White, who received a one-time bonus of $60,000 last year and, because her employer had not deducted enough tax, found herself with net tax owing of $8,200.
B)Karen Phillips, who has started to earn investment income, which resulted in net tax owing of $3,100 last year.Her investment income is expected to be even greater this year.
C)Blake Fortin, who established a sole proprietorship two years ago.Blake had a very successful first year and, as result, he had net tax owing that year of $85,000.Business dropped in his second year, resulting in net tax owing of only $1,500.This year, busi- ness has picked up again and he expects to have net tax owing of $53,000.
D)Terri Jones, who has had net taxable capital gains on real estate in excess of $40,000 in each of the last two years, and who expects to have similar gains this year.

All of the Following People Will Have to Pay Tax