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* Interactive-Training-Session- X . Frankie got a sales position v L S VACYE Lol 2150 i B . = = e =) learn.humber.ca/u ralcourses/2334581Iotlmelasesmer&l_169§9915 1ven)iewlétteptl_31023092_1Ireview[inline-feedback?atemptld=_310230 Question 37 John earns a net income of $80,000 annually. He is filling out his income tax return. He has lived with and supported Jeanette for 14 months, but he moved out in September and has not returned. According to the Income Tax Act, they were common-law partners, but they have suffered a breakdown in their relationship. john is 28 years old and Jeanette is 25 years old. John is the adoptive parent of Jeanette’s daughter, Beatrice, who lives with Jeanette. Given this scenario, which of the following statements is TRUE? @ John can only claim a GST credit for himself. John can claim a spousal credit for Jeanette and he can claim a GST credit for himself and for Beatrice. @ John can only claim a GST credit for Beatrice. Question 38 Adam and Betty have personal assets worth $800,000 and an outstanding mortgage of $500,000. What is their personal asset equity ratio? @) so% 37.5% @ 80% Question 39 Nicholas owns and operates a summer camp and he owns a number of canoes, rowboats and paddle boats that fall into Class 7, which has a maximum CCA rate of 15%. His UCC at the beginning of last year was $6,400. He sold some old canoes for a total of $350, and bought two new paddieboats for $500 each and a new kayak for $600. What was the maximum amount of CCA that he could claim last year? ® 137575 $573.75 (© sro3s00 Question 40 Frankie got a sales position with an energy services company, which requires her to go door-to-door trying to sign people up with the company. She received a base hourly wage, plus a commission for each customer that she signed up. She was required to provide her own transportation, and to complete all paperwork in her home office. Which of the following costs is an amount that Frankie can NOT deduct from her employment income? (®) the cost of her business cards the cost of leasing a computer to process her sales @ a portion of her motor vehicle expenses [E] Feedback Feedback for student Your instructor hasn't added feedback