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1. Philip's Calculated Maximum Purchase/Deduction for RRSP this year is $4,000. He...

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Accounting

1.

  1. Philip's Calculated Maximum Purchase/Deduction for RRSP this year is $4,000. He purchased this year, an RRSP of $1,000.

    Philip can deduct a maximum of $4,000 for RRSP this year.

    True

    False

  2. Robert and Sandra have two children, not disabled, (ages, 3 and 4 year old)

    This year, Robert's Earned Income is $30,000 and Sandra's is $60,000.

    They paid a Nanny $5,000 this year to care for both children.

    Please calculate this family's maximum Child Care Expense Deduction on Line 21400?

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