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7. Rosemarie works as a waitress at the Waterfront Restaurant. She has an agreement with her employer that all her tips that were paid by credit or with debit card are to be included in her T4 slip. However, some of her patrons gave her cash. Does Rosemarie have to include the tips she received in cash on her tax return? a. Yes b. No 8. Carole has a net and taxable income of $55000. How much basic federal tax will she save if she claims $4000 in charitable donations? a. 600.00 b. 920.00 c. 1132.00 d. 1284.00 9. Raymond, who is single, is enrolled in part time studies. His net and taxable income is $50,500. How much federal tax will he save if he claims tuition fees of $2000 ? a. $300.00 b. $520.00 c. $580.00 d. $660.00 10. Calvin's net and taxable income is $140,000. which of the following claims would save him the most basic federal tax? a. Medical expense of $1000 b. A claim of $1000 in tuition fees c. A deductible RRSP contribution of $1000 d. A charitable donation of $1000 11. Corey is single and has a net and taxable income of $60000. How much basic federal tax will he save if he claims his medical expenses of $3000 ? a. $450.00 b. $270.00 c. $180.00 d. $104.00 12. Paulette is single. Her net and taxable income is $65000. How much basic federal tax will she save if she lowers her taxable income by $1000 ? a. $150.00 b. $205.00 c. $260.00 d. $290.00

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