#2) (12 Marks) Determine the various federal tax credits the below Taxpayer is entitled to for 2017: Taxpayer received the following sources of income for 2017: Bank Interest $3,500 Net Employment Income $68,000 RRSP Withdrawals $5,000 (Taxpayer is 42 years old) Total Net Income & Taxable income $76,500 Taxpayer had the following amounts withheld from their employment paycheque: CPP Income Tax Withheld at Source Registered Pension Plan Contributions Life Insurance Premiums Total Withholdings from Employment Income $836 $2,564 $11,000 $3,400 $400 $18,200 Taxpayer is divorced and has sole custody of their child (13 years old, in good health, and $1,000 in income). Taxpayer paid $50 a month for bus passes (Jan - Dec, 2017) totaling $600 for the year. Taxpayer contributed $1,000 to a Registered Charity during the year. They have made similar contributions in prior years. Taxpayer contributed $500 to a Registered Federal Political Party in 2017. Taxpayer incurred $2,000 in fees to register their child in hockey. Taxpayer incurred $5,000 in eligible medical expenses during the year. Their son incurred $500 in additional eligible medical expenses. REQUIRED: Compute the federal tax credits the taxpayer is entitled to for 2017. Ensure your answer includes all the required tax forms. Hint: Start with Schedule 1 and use any related forms required