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Question 12 1 points Save Ans Which of the following statements is NOT correct with respect to an individual who qualifies for the eligible dependant tax credit? The individual must be: related by blood, marriage, adoption, or common-law relationship. under 10 years old at some time during the year residing in Canada unless they are a child of the taxpayer O living with the taxpayer in a self-contained domestic establishment Question 13 Last year George had the following income reported to CRA: Employment: $40,000 Dividends: $30,000 Taxable Capital Gains: $2,000 Last Year's Pension Adjustment was $2,000 What is George's maximum RRSP purchase for this year. $5,200 $7,200 $ $12,960 O $10,960 Save An Question 14 1 points Fred's Pizza business provides you the following Accounting GAAP financial information for this year's business income tax return: Income Statement: 1. Revenue: $100,000 2. Meals and Entertainment: $10,000 3. Supply Expenses: $2,000 4. Depreciation Expenses: $5,000 Assets Furniture (Class 8, 20%); UCC was $10,000; Purchase this year was $10,000 and disposed of furniture for proceeds of $10,000 and had an original cost of $5,000. Building (Class 1,4%); UCC was $100,000 The Accounting Profit (not income tax profit) is? Question 15 This year, George moved from Toronto to Vancouver and earned $10,000 at his new employment in Vancouver this year: George paid the following for moving expenses this year: Movers, $3,000 Mileage was zero (His friend drove George for FREE) Meals: Claimed three day of qualifying meals and applied the simplified method which allows for $69 per day. What is the maximum moving expense claim for George this year?(rounded to the nearest dollar) O $0 $3,207 $3,153 $3,000 Question 16 1 points Save Answe To calculate the annual Maximum RRSP Purchase for this year, Last Year's Business Income and Rental Income are included in calculating "EARNED INCOME" True False Question 17 1 points Save Ang Fred's Pizza business provides you the following Accounting GAAP financial information for this year's business income tax return: Income Statement: 1. Revenue: $100,000 2. Meals and Entertainment: $10,000 3. Supply Expenses: $2,000 4. Depreciation Expenses: $5,000 Assets Furniture (Class 8, 20%); UCC was $10,000; Purchase this year was $10,000 and disposed of furniture for proceeds of $10,000 and had an original cost of $5,000. Building (Class 1,4%); UCC was $100,000 The TOTAL maximum CCA for this year is

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