Case #$1$ Individual Tax Return $(5$ marks$)$

Mr$.$ Sanchez is employed by a large public corporation and for $2023$ his salary was $$\_150,000.$ He was a member of the company$$s pension plan and his contributions were matched by his employer. He contributed $$800\mathrm{.}84$ to the plan and the amount shown on his T$4$ slip along with an entry of $$1,601\mathrm{.}68$ in box $52$ representing his pension adjustment. Union dues were deducted of $$1,000.$

During $2023,$ his employer withheld the following amounts from his compensation:

EI Premiums $$1,002\mathrm{.}45$

CPP Contributions $$3,754\mathrm{.}45$ Income Tax Deducted $$\_30,000$

He also made RRSP contributions of $$200$ a month for the year and had enough contribution room. Last year he had non$-$capital losses of $$\_3,000\_$ that he could not use in $2022$ and was carry forward to $2023.$

Mr$.$ Sanchez owns $1,000$ preferred shares of Iron Works shares, a publicly$-$traded taxable Canadian corporation and received four dividend payments of $$102$ and sold his shares and received proceeds of disposition of $$36$ per share and his adjusted cost base for each share was $$20.$ Mr$.$ Sanchez also received interest payments totaling $$365$ based on his balance in his savings account at the same bank and had carrying charges of $$95.$

Mr$.$ Sanchez is the sole provider for the family and Kia his wife works part time and had a Net Income of $$5,800.$ They have two young children Lois and Arsenio aged seven and eleven and paid medical expenses of $$2,650$ in $2023.$ He also contributed to various charities in the amount of $$90$ and his wife contributed $$80$ to local charities.

Required:

Determine Mr$.$ Sanchez$$s Total Income, Net Income, Taxable Income, and the Net Federal Tax owing or refund for $2023$ not including Provincial Taxes.