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Case Study Information Steve Jones ( 3 5 ) has taxable income for 2 0 2 2 of $ 2 2 5 , 0 0

Case Study Information
Steve Jones (35) has taxable income for 2022 of $225,000 in Ontario. His wife Reena works part-time at her favourite furniture store, Bad Boy Furniture, and she earned $30,000 in 2022. Reena took advantage of various employee discounts and bought a whole bedroom set for $10,000, when the client price was $15,000 and Bad Boys price was $7,000. The employee discount was available to all employees. Steve and Reena paid $1,500 per month in 2022 for daycare costs for their two children, Sylvia (8 years old), and Priyanka (3 years old).
Robert Jones, Steves brother (40), is a part-time student living in the same province as his brother and has taxable income of $18,000. Robert is self-employed and if his federal tax payable has been the about same for the past three years. Robert was supposed to file his tax return by June 15,2023, but he did not file it until October 18,2023. Robert died on November 17,2023. When Robert died, he had generated income that had not been received at the date of death.
Based on the above case study information ONLY, please answer the following six questions.
Case Study Questions
Question 1(8 points)
Calculate Steve and Robert Jones' federal tax liability based on the following 2022 federal tax brackets below? Please do not take into consideration any tax credits. Please just calculate the federal tax liability.
2022 Tax Brackets
Federal Tax Ontario Tax
$0- $50,19715.00% $0- $46,6265.05%
$50,198- $100,39220.50% $46,627- $92,4549.15%
$100,393- $155,62526.00% $92,455- $150,00011.16%
$155,626- $221,70829.00% $150,000-220,00012.16%
$221,709+33.00% $220,001+13.16%
Steve's federal tax liability is _____________________________.
Reena's federal tax liability is _____________________________.
Robert's federal tax liability is _____________________________.

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