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Calculate Basic Federal Tax E Nonrefundable Tax credits [15 marks; approx. 25 mins] Noah's computation of taxable income for 2019 is as follows: Income from

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Calculate Basic Federal Tax E Nonrefundable Tax credits [15 marks; approx. 25 mins] Noah's computation of taxable income for 2019 is as follows: Income from employment 5 29,000 Net income from rental properties 1,500 Public company dividend income 2,000 Dividend Grossup {El 33% 260 Taxable capital gain 6,200 RRSP contribution [3,000] Child care expenses [3,000] Net income for tax purposes - Div B $1,450 Less: Net capital loss carry forward [5,200] Taxable income 5 15,250 ADDITIONAL DETAILS: [i] Assume that Noah's taxable income was prepared correctly [ii] Noah is divorced E: lives with his 6yearold son Isaah [iii] During the year Noah incurred the following expenses: Canadian Cancer Society Donation [annual] B0 Sick Kids Hospital Donation 120 Tuition [PT university courseBmonths] 2,000 Medical expenses for Noah [permitted expenses] 4,500 [iv] Iniormation reported on T-"-I slip from employer: Canada Pension Plan 2,249 Employment Insurance 360 Tax withheld by employer 5,000 [v] Federal Dividend Tax Credit for Eligible Dividends E! 11 of Gross Up REQUIRED [SHOW ALI. DETAILS Br CALCUATIDNS - round to nearest $1]: Compute Noah's federal taxes payable net of nonrefundable personal tax credits and installments for 2019

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