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Sachin has always lived in Quebec and is ready to file his 2023 personal income...

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Accounting

Sachin has always lived in Quebec and is ready to file his $2023$ personal income tax returns. He feels that he is heavily taxed and has stated that he pays $50 %$ of his earnings in taxes. You believe that this is an exaggeration and will help with his tax calculations below based on the information he has provided.

$-$ Gross salary in $2022$ $ $100, 000$

$-$ Gross salary in $2023$ $ $112, 900$

$-$ Gross salary in $2024$ $ $121, 200$

$-$ Bonus in $2023$ $ $17, 000$

$-$ Sachin does not participate in a company pension plan

$-$ Sachin always makes the maximum RRSP contribution each year on March $1$ st

$-$ Sachin always makes the maximum TFSA contribution each year on March $1$ st

$-$ Sachin has annual professional dues of $ $900$ that he pays to the Barreau duQubec $($ professionalorder of lawyers $)$

$-$ Canadian eligible dividends of $ $1, 000 ($ gross $-$ up rate is $38 %)$

$-$ Sold $200$ Shopify Inc. shares for $ $102 /$ share in November $2023 ($ bought $400$ shares in Shopify when they were at $ $54 /$ share $)$

$-$ Had a capital loss of $ $2, 000$ from a previous year that he hoped to apply against his capital gain

a $)$ calculate Sashin s $2023$ total income

b $)$ calculate Sashin s $2023$ Taxable income

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