Melanie,a homeowner,has mortgage interest of $3000,RRSP contributions of $1500,and charitable contributions of $500.According to her filing status,a basic personal amount of $11 138 is allowed.How much should Melanie deduct on her tax return?
A) Her only deduction is the $1500 RRSP contribution.
B) She can deduct $12 638,her basic personal amount and her RRSP contribution.
C) She can deduct $13 138,her basic personal amount,charitable donation and her RRSP contribution.
D) She has deductions of $2000 for her RRSP and charitable donation.
Correct Answer:
Verified
Q67: Which taxpayers among the following can deduct
Q68: When considering allocating funds to a TFSA
Q68: Reginald is thinking about asking his employer
Q72: Which of the following would produce the
Q72: Sally's total income is $38 000 and
Q73: Meg makes RRSP contributions resulting in a
Q73: If you are working as a Certified
Q74: Fillipe is in the forty percent marginal
Q74: Which of the following is True for
Q78: Your earnings for last year were $42
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents