1 .		Shelly is a working, young single mother who lives with her 2-year-old daughter, Cindy. Based on this information, Shelly would definitely qualify for which of the following credits:
2 .		John and Jane are married and they are preparing their tax returns. A friend told them that they would get a larger tax credit for their charitable donations if they reported all of their donations on one tax return. How much would their federal tax credit be if their combined charitable contributions were $500? For donations up to $200, the credit is 16% times the amount of donations. For every dollar above $200, the credit is 29% times the amount contributed.
3 .		Which of the following is not deductible?
4 .		Tax planning involves strategies that minimize tax payments. Which of the following is not a tax planning strategy?
5 .		Sally’s gross annual income is $65,000 and her taxable income is $50,000. Using Table 4.2 on page 92 in the text, calculate Sally’s marginal federal tax rate.
6 .		The present tax system in Canada is one in which the tax rates increase for higher levels of income. This type of system is called ___________.
7 .		Total Income minus allowable deductions, such as pension plan contributions, equals:
8 .		For tax purposes, there are three types of income. Which of the following is not a type of taxable income?
9 .		Which of the following is a type of student related tax credit?
10 .		Which of the following is a deductible expense?
Answer choices in this exercise are randomized and will appear in a different order each time the page is loaded.