Tim owns a house worth $1,380,000, with a $720,000 mortgage. He has a car worth $29,000 that he owns outright. Tim has a balance of $23,000 in his savings account and $1,500 in his chequing account. His line of credit has a limit of $50,000 and a balance of $3,500. Tim has a MasterCard with a $15,000 limit and a balance of $575, and a Visa with a limit of $10,000, and a balance of $1,800. The book value of Tim’s TFSA is $73,500, and its current market value is $97,000. He also has $50,000 in a non-registered GIC. a) Calculate Tim’s net worth.
b) What is his debt-to-equity ratio?

Tom and carol are resident aliens, married, and want to file a joint return. they have two children. sydney is 5 years old and a resident alien. benjamin is 2 years old and a u.s. citizen. both children lived with the parents in the united states all year. tom, carol, and sydney have individual taxpayer identification numbers (itins). benjamin has a social security number. tom earned $30,000 in wages. carol had $8,000 in wage income. they had no other income. tom and carol provided all the support for sydney and benjamin. sydney and benjamin attended daycare while tom and carol were at work. tom and carol did not receive dependent care benefits from a dependent care benefits plan or flexible spending account. the daycare center provided the baker's with a statement indicating the amount of $3,250 paid for 2018, their name, address and valid employer identification number. 6. who can tom and carol claim as a qualifying child for the child tax credit? a. sydney b. benjamin c. both sydney and benjamin d. neither sydney or benjamin