Problem 3: Chapter 3 Instructions: Andrea works for Short Line Limited as an...

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Accounting

Problem 3: Chapter 3
Instructions:
Andrea works for Short Line Limited as an engineer. She has 2023 taxable income of
$120,000, which is 100% employment income. The maximum CPP and El was withheld from
her paycheque during the year, plus $10000 in federal income taxes. Her common law
partner, Jamie, has a net income of $4000.
Andrea is also a volunteer firefighter and volunteered for 600 hours for the local fire
department in 2023. She also bought a house this year for $440,000. Neither her nor her
common law partner had owned and lived in another home in the last 5 years.
The couple have one child who is 8 years old. During 2023, Andrea spent $2100 on medical
expenses for their child, plus $2,000 in medical expenses for herself and $500 for Jamie.
Andrea donated $4000 to the Canadian Mental Health Association during the year. She also
made political contributions of $1,200 to a registered federal political party in 2023.
Required:Determine Andrea's federal tax payable or refundable for 2023. Answer on the
"P3- Response" tab, in the yellow boxes. For any credit she is not eligible for, you may leave
the yellow box blank.
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