es which follomoss during Cable. John's Net Income forma assumptions other informe Assignment Problem Four - 2 (Individual Tax Payable - 7 Cases) ere are seven independent cases which follow. Each case involves various assu e amount and type of income earned by John Moss during 2018, as well as to ot tion that is relevant to the determination of his 2018 Tax Payable. John's Net Inc Purposes is equal to his Taxable income in all Cases. In those cases where we have assumed that the income was from employment, the withheld the maximum El premium and CPP contribution. ot, the employer of $87,600. His have an adopted is partner have medical Case 1 John is 58 years old and has employment income of $87,600 common-law partneris 48 years old and has income of $8,260. They have an ad child who is 19 years old and lives at home. John and his partner have med expenses of $4,600. Medical expenses for the son total $10,300. The son has Income For Tax Purposes of $4,300. Case 2 John is 46 years old and has employment income of $145,000. His wife Mary is 41 years old and has Net Income For Tax Purposes of $6,100. They have a 20 year old son who lives at home. He is dependent because of a physical infirmity, but it is not severe enough to qualify him for the disability tax credit. However, he is able to attend university on a full time basis for 8 months during 2018. John pays his tuition fees of $9,400, as well as $720 for the textbooks that he requires in his program. The son has Net Income For Tax Purposes of $8,350. The son agrees to transfer the maximum of his tuition fee amount to John. Case 3 John and his wife Beverly are both 67 years of age. Beverly is sufficiently disabled that she qualifies for the disability tax credit. The components of income earned by John and Beverly are as follows: bns van gisub Smooni on asterbo Vi obno biond olo unos Assignment Problems 20 and is -yer. Her Interest Canada Pension Old Age Security Income From R Pension Plan Benefits de Security Benefits From Registered Pension Plan employ- ns. She John 1,300 11.400 7,040 36,200 $55,940 Beverly $ 720 children Total Net Income NIL 7,040 840 58,600 fies for ng the ase 4 John is 45 years old Marcia is 37 years old and children. However, they dependent because of ars old and has employment income of 594,100. His wife and has Net Income For Tax Purposes of 58,600. They have no they provide in home care for Marcia's father who is 61 years old, Ise of a physical infirmity, and has no income of his own. His tough to qualify for the disability tax credit. Also living with ar old father and 63 year old mother. They are both in good phys- health. John's father has Net Income For Tax Purposes of $23,200 and arts of rious disability is not 111 them is John's 67 year old f ical and mental health his mother has Net Case 5 John is 31 year er has Net Income For Tax Purposes of $11,700. bis 31 years old, has employment income of $83,000, and makes contri- registered charities. He is not married and has no dependants. utions of $3,000 to registered charities. He is not ma John is 58 years old and has net rental income of $114,000. He is divorced awarded custody of his 21 year old disabled son. The son qualifies for ility tax credit and has Net Income For Tax Purposes of $8,430. He is dependent on his father for support Case 7 lohn is 43 years old and has net rental income of $94,300. His wife died last year and he is a single parent of two children. Mack is 16 and is physically infirm, but does not qualify for the disability tax credit. He has income from part time work as a student counselor of $4,800. His daughter, Serena, is 10 and is in good health. Case 6 John is 58 years o and has been awarded custody the disability tax credit and ha Required: In each Case, calculate the minimum 2018 federal Tax Payable for John Moss. Indicate any carry forwards available to him and his dependants and the carry forward provi- Ignore any amounts John might have had withheld for taxes or paid in tax instalments and the possibility of pension splitting. risi 1990 stupit elst