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1. Edward is a qualifying student enrolled full time in a qualifying educational program. He...

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Accounting

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1. Edward is a qualifying student enrolled full time in a qualifying educational program. He received a scholarship of $5000, which is fully exempt from tax. a. True b. False 2. Last winter, Casey shoveled snow from sidewalks to earn extra money. He was paid $250 in cash and no deductions were made from his pay. Casey didn't receive a T4 slip. When Casy files his tax return, he is required to report this income. a. True b. False 3. Rita, who is separated, has three children, Lisa ( 15 years old), Anthony (12 years old) and Dylan (3 year old). She incurred $15000 of childcare expenses for Dylan in the year. Should she include Lisa and Anthony on Form T778, even though she didn't incur any childcare expenses for them? a. Yes b. No 4. In November 2021 , Jimmy sold his home and moved to a new city 85km away to look for work. He didn't find a new job until January of 2022. The total of all his moving expenses is $15000. Jimmy should not file form T1-M for 2021 since he didn't have any income in the new city in 2021. a. True b. False

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