Nikul QUESTION 11Jason has made the following donations and contributions during the current taxation year:Conservative Party of Canada: $150• Canadian Cancer Society: $350. Ronald McDonald House Charities: $150• United Way: $250• Green Party of Canada: $50Assuming that Jason has made charitable donations to registered charities in the past and is not subject to thehighest federal tax rate of 33%, which of the following is the correct charitable donation tax credit for Jason in thecurrent taxation year?$128$190$219$563

It is the amount made to a non-profit organization in the form of gift of cash or property to help…

Answered: Jason has made the following donations…

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter3: Corporations: Introduction And Operating Rules

Section: Chapter Questions

Problem 11DQ

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20. Kim and James are filing their tax returns and regularly make donations. Kim's donations were $680 and James donated $900 during the year. How much higher will the combined NRTC be if the donations are combined rather than claimed individually. A. $38 B. $28 C. $18 D. $53
A woman is in the 15% tax bucket and itemizes her deductions. How much will her tax bill be reduced if she makes a$200 tax deductible contribution to charity A. $30 B. $200 C. $0 D. $170
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A taxpayer made charitable donations of $1,300 and their spouse donated $600 in 2023. Each of the individuals earned $70,000 of employment income. What would be the maximum federal donation tax credit (round to nearest dollar) the couple would claim in 2023? Multiple Choice O O O O $285 $349 $523 $591
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