Freida is 45 years old and lives in Toronto Ontario. 1. She is...

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Accounting

Freida is 45 years old and lives in Toronto Ontario.
1. She is in good health and is employed in the sales department of a large publicly traded company. Her employment income for the year was $110,500 of which included $35,000 of commissions. Her employer withheld maximum EI contributions of $1,002.45 and maximum CPP contributions of $3,754.45 and $ 4,250 to the companies Pension Plan. Freida also contributed 2,500 to the companys pension plan.
2. Freida decided to sell some stock to pay for medical expenses incurred in the current year. The sold and purchased stock are as follows
Bell stock Purchased 01/2010-2000 shares at 185.00/share
Vale stock Purchased 01/2003-5000 shares at 165.00/share
Glencore stock Purchased 01/20013000 shares @ 125.00/share
Sold Glencore June 25,20231500 shares @ 75.00./ share
Sold Vale stock May 15,20232000 shares @ 195.00/ share
Purchase Glencore stock July 15,20231000 shares @ 65.00/share
Sold Bell Stock November 0720231500 share @ 195.00/share
Purchased Bell stock December 25,2023 @ 180.00
3. The company also supplies Freida with a T2200 Declaration of Condition of Employment for the use of her personal automobile. Freida only pays for the automobile expenses as the company reimburses her for all office expenses. The company pays Freida $ 1,000 monthly for the use of her vehicle. The vehicle expenses are as follow:
Fuel $ 6,752.00
Computer(mac Book) $ 3,275.00
Repairs $ 2,350.00
Insurance $ 1,500.00
Tires $ 1,400.00
Office Supplies $ 750.00
4. She is divorced and has custody of her 16-year-old daughter, Rachel. The daughter qualifies for the disability tax credit. The daughter has income of $8,600 largely made up of interest on bonds purchased from an inheritance.
5. Jennifers 68-year-old mother, Rose, lives with her and provides care for Cynthia on a full-time basis. She is active and healthy. As she receives no compensation for this work, Jennifer does not claim child-care expenses in 2023. The mothers 2023 net income is
from Old Adge Security of $8,355, CPP Benefits of $12,500
6. In 2023, Jennifer worked nearly 300 hours as a volunteer search and rescue volunteer.
7. Freidas medical expenses for 2023 are as follows:
Various prescription drugs (Freida $3,250 and Rachel $5,200)
Various medical specialist treatments for Rachel $12,490 Prescription sunglasses for Freida and Rachel $1,875
Cosmetic surgery for Freida$2,463
Dentist fees for Freidas mother $3,300 Dentures for Jennifers mother $1,325
8. In 2023, Jennifer contributes $3,500 to the Red Cross, a registered Canadian charity.
9. Freida is taking an intensive course in spoken Chinese at a Ontario university. The tuition fee for the course is $3,600. The duration of the course is eight months.
10. During the year, Freida makes contributions to federal political parties in the amount of
$1,000.
Required: Calculate Freidas Taxable income, Her BPA (Non-Refundable Tax Credits) for the year 2023
(show your calculations)

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