Reference no: EM132877664
Question - Mr. Johnson Ferrarmo is a supervisor at Retail Box Co.He received the following T4 slip: Employer's name. Retail Box Co. Social insurance number: 527 000 145
Year: 2020
Employment income [14]: 75,000.00 Income tax deducted [22]: 12,800.00
Employee's CPP contribution [16]: 2,898.00 EI insurable earnings [24]: 54,200.00
Employee's EI premiums [18]: 856.00 CPP pensionable earnings [26]: 58,700.00
His personal information are as follows:
Marital Status: Single
Address: 941 Progress Avenue, Toronto, ON, M1G 3T8
Phone Number: 416-289-5000
Date of Birth: October 14, 1976
For the past 20 years, Johnson has been renting an apartment. He finally saved up enough money and purchased a condo 941 Progress Avenue in April 2020. Johnson is very excited to have owned his first home.
Johnson made the following charitable donations:
Habitat for Humanity on April 17, 2020 $500
Red Cross on November 9, 2020 $750
In order to improve his career skills, Johnson took some leadership courses at Centennial College that he studied part-time. The tuition fees for 2020 totalled $1,020 and were for 4 months.
Johnson made a political contribution of $1,500 to a political party.
Johnson also has the following medical expenses:
Dentist visits (June 15, 2020) $725
Sauna sessions: Personal-use (May 8, 2020) $450
Prescribed antibiotics (January 19, 2020) $560
Eye examinations with optometrist (October 12, 2020) $220
Over-the-counter medication (August 1, 2020) $125
Doctor-prescribed sleep apnea machine (December 3, 2020) $2,000
Required - Prepare Mr. Johnson Ferrarmo's T1 personal tax return for 2020 with minimum taxes payable.