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Angelina works for a large telecommunications company and would like some help understanding her tax situation for 2020. The following information has been provided
Angelina works for a large telecommunications company and would like some help understanding her tax situation for 2020. The following information has been provided by Angelina: Her employment income is $60,000, and taxable income has been correctly calculated as $54,984. Angelina is a single parent. The following information relates to her family situation: Angelina's mother, Isabella, moved in with her in January 2020. Isabella is a big help around the house. She is 72 years old and received interest income of $16,917 from her bank account. Isabella also received Old Age Security of $7,362. Angelina's daughter, Sofia, is 16 and physically infirm and does not meet the criteria for the disability credit. Sofia invested an inheritance she received from her grandfather and her only income was interest earned on the bond of $250. Angelina has paid the following medical expenses for Sofia, Isabella, and herself during 2020: Prescription eye glasses for Sofia Prescription medications for Isabella Dental fees for root canals for Angelina Physiotherapy for Isabella Cosmetic facial enhancements for Isabella $500 600 5,500 3,640 5,000 Required: Determine Angelina's federal taxes payable for 2020. Explain any items omitted from the calculation.
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