Question
Assignment 2 Mrs. Yacumflastor, who is 68 years old, has correctly computed the followingseparate amounts in respect of income for tax purposes in 2023 for
Assignment 2
Mrs. Yacumflastor, who is 68 years old, has correctly computed the followingseparate amounts in respect of income for tax purposes in 2023 for both herand her husband, who is 66 years old. (Amounts in brackets reflect losses or expenditures.)
Mrs.Y. Mr. Y.Employment income (subdivision a, net) $8,000Pension income (life annuity from aregistered pension plan)62,000Old Age Security pension 8,251 $8,251Canadian-source dividends CCPC (actualamount received)12,000 1,500Interest income 3,000 500Allowable capital losses (3,000)RRSP contribution (fully deductible) (900)Interest on loan to purchase investments (2,000)During 2023, she made donations to registered charities of $17,000 andincurred medical expenses for herself and her husband of $4,000. MrsYacumflastor makes donations on a regular basis each calendar year.Required:1. Calculate Mrs. Yacumflastor's taxable income and federal taxespayable for 2023 without electing under subsection 82(3) in respect ofher husband's dividends. Assume that the taxable dividends of theCanadian source dividend CCPC was from active business incometaxed at the low corporate rate (non-eligible)
i need the graph and all information included nothing left out
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