Question #1 (30 Marks) Mr. Simpson has requested your assistance in calculating his taxes payable for 2011. He has provided you with the following information: Mr. Simpson has total net and taxable income of $123,456. His T4 indicated that his employer withheld $787 of EI, $2,218 of CPP, $3,000 for RPP contributions and $34,567 of income taxes from his salary of $98,765. Mr. Simpson is married with 3 children. Their relevant information is as follows: His wife, Marge, is primarily a stay at…
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