What is the Tax-deductible contribution for thisnew permanent resident:"I am a new permanent resident and haverecently moved to Canada in August 2021. Istarted working remotely for the Canadiancompany in June 2021, when I still lived in India.My salary is $119,000. I was also lucky enoughto be granted $20,000 in company RSUS, whichI received in September once I moved here. Thatputs me in a higher tax bracket.I'm looking for ways to reduce my tax payable inmy first year. I know that RRSP is a great way toreduce my taxes, and my employer offers agenerous GRSP and RRSP matching benefit. l'dlike to take advantage of that!If I were to contribute $20,000 into the RRSP,with some of the contributions coming fromcompany matching, how much would thatcontribution reduce my overall Income?Please provide details to support your answer:

Deduction - Any expense or purchase made during payroll that is deducted from the employee's gross…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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In 2022, Mr Kind, a resident of Alberta and has a taxable income of $122,500. Calculate his 2022 federal Tax Payable before consideration of credits based on the 2022 tax table.
An alien received P200,000 compensation income in the Philippines and P300,000 rental income from abroad. How much will be subject to Philippine income tax? * a. None O b. P200,000 O c. P300,000 O d. P500,000
Y received the following items of income during the taxable year: If Y is a resident alien, how much is the total income subject to regular income tax? (Within means earned within the Philippines, without means earned outside of the Philippines). Within Without Business Income 400,000.00 200,000.00 Professional Fees 200,000.00 100,000.00 Rent income 600,000.00 200,000.00 Interest income 60,000.00 40,000.00 P1,800,000 P1,740,000 P1,700,000 O P1,200,000
This is US Tax and Law
Inday is settling the estate of his Filipino husband Nicanor, who died intestate in the Netherlands where he works as an OFW. The following are the summary of the details of Nicanor’s properties in connection with the processing and payment of his estate tax: Philippines Brazil Netherlands Gross estate 5,000,000 20,000,000 15,000,000 Allowable Deductions 5,000,000 10,000,000 5,000,000 Net estate 0 10,000,000 10,000,000 Estate tax paid Php 500,000 1,500,000 How much is the ESTATE TAX PAYABLE?
Taxpayer Q has net taxable income of $30,000 from Country Y which imposes a 40 percent income tax. Inaddition to the income from Country Y, taxpayer Q has net taxable income from US sources of $120,000, and UStax liability, before the foreign tax credit, of $30,290. What is the amount of Q's foreign tax credit?a. $6,058b. $8,350c. $12,000d. $30,290e. None of the above
Follow US Tax procedure for calculations. posting for second time , previous wrong. if it is wrong , downvote sure and review will be given to the bartleby.
Qw.10.
Mr Generous is a South African resident and contacted you as his tax practitioner to assist him in completing his taxable income calculation for the 2023 year of assessment. Mr Generous calculated his taxable income as R950 000 in respect of the 2023 year of assessment, excluding the following transactions: On 31 December 2022, he donated R100 000 to the SPCA, a registered public benefit organisation. The SPCA issued him with a valid section 18A receipt. He also donated R10 000 to his church, which is not registered as a public benefit organisation, on 23 March 2023. On 4 January 2023, he bought his wife a new car worth R 200 000 for her birthday. Calculate Mr Generous' S18A deduction for the 2022 year of assessment.
The winnings of a resident alien from abroad is * a. subject to regular tax. b. subject to final tax. on C. subject to either final or regular tax. d. not subject to Philippine income tax.
US Tax Law Taxpayer is single and has the following items: state taxes withheld, $7,500; property taxes $6,000; DMV, $500. His state tax deduction on schedule A would be A. $14,000 B. $13,500 C. $6500 D. $10,000 E. Some other amount
48 Inday, a resident of Manila City is the executor of Nicanor, a Filipino migrant in Canada. Nicanor’s home province in the Philippines is Pampanga while the property is located in Cebu City. In processing Nicanor’s estate, the estate tax return shall be filed in: Group of answer choices Office of the Commissioner thru RDO 39-South Quezon City Manila City Cebu City Pampanga

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hat is the Tax-deductible contrib w permanent resident: am a new permanent resident ar cently moved to Canada in Augu arted working remotely for the C mpany in June 2021, when I still