Family Information Dorian Wilde is 42 years old and married to his high school sweetheart, Gloria. Gloria has Net Income For Tax Purposes and Taxable income of $8,200. The income is from investments that she purchased with funds that she inherited. Dorian and Gloria have two sons: Oscar is 15 years old and in good health. He has income from part-time summer jobs of $8,460 Bart is 21 years old, in good health, and attends university on a full time basis for 10 months of the year. All of his university costs are paid for by Dorian, including tuition of $8,700, textbook costs of $1,350, and residence fees of $9,250. Bart has income from investments of $7,400. The investments were acquired with funds he earned during his high school years. Bart has agreed to transfer his tuition credit to his father. The family's medical expenses, all of which were paid for by Dorian, were as follows: Dorian $ 1,350 Gloria (Note 1) 4,600 Oscar 1,250 Bart 3,125 Total $10,325 Note 1 Gloria's medical expenses were the result of a liposuction procedure to deal with a cellulite problem that she has had since childhood. Employment Information Dorian is employed by a Canadian public company. His annual salary is $92,500, none of which involves commissions. His employer withholds the following amounts from his earnings: Registered Pension Plan Contributions (Note 2) $5,600 El Premiums CPP Contributions 2,749 Contributions To Unplanned Parenthood (Note 3) 3,200 Note 2 Dorian's employer makes a matching contribution of $5,600. 860 Note 3 Unplanned Parenthood is a registered Canadian charity. Dorian is provided with an automobile by his employer. The vehicle was purchased in 2018 for $40,000 and, on January 1, 2019, its UCC on the employer's books was $25,500. During 2019, the automobile is driven 51,000 kilometers, 28,000 of which are related to Dorian's employment duties. It was available to Dorian for 11 months during the year and during the month that he did not use the car, the company required that it be returned to the company's garage. During the year, Dorian received a travel allowance from his employer of $550 per month, an annual total of $6,600. Dorian's actual travel costs were as follows: Hotels $3,200 Meals While Travelling 1,800 Airline Tickets 1,500 $6,500 During 2019, Dorian received the following gifts from his employer: A $400 gift certificate for merchandise at a local department store. A Christmas gift basket containing various gourmet items. This basket, which has a value of $325, was provided to all of the company's employees. Dorian is required by his employer to maintain an office in his home. This home office uses 20 percent of the floor space in his home. The cost of the house, excluding the land, was $426,000. It was purchased in 2018 and, during 2019, costs were as follows: Mortgage Interest $ 6,200 Property Taxes 4,320 Utilities And Maintenance 1,850 Insurance 1,140 Total $13,510 Total Business Information Because of his interest in antiques, Dorian operates a small, unincorporated retail business. The business uses a taxation year that ends on December 31, and during the year ending December 31, 2019, the business produced an accounting net income of $71,500. As his business is not incorporated, this figure does not include a deduction for income taxes. Other relevant information with respect to his business is as follows: 1. At the beginning of 2019, Dorian owned depreciable assets that were used in the busi- ness and their UCC balances are as follows: Class 1 Class 8 Class 10 January 1, 2019 UCC $351,000 $63,400 $25,000 The Class 1 building was acquired in 2015, is used exclusively for retail purposes and is the only building in Class 1. In March, 2019, Class 8 assets with a cost of $18,000 were sold for $11,300. They were replaced by Class 8 assets with a cost of $21,100. 2. During 2019, the business spent $12,600 landscaping its premises. For accounting purposes, this amount is being amortized over 10 years on a straight line basis. 3. The Net Income figure is after the deduction of Amortization Expense of $31,200 and $11,000 in meals and entertainment with clients of the business. The Amortization Expense includes the amortization of the landscaping costs. 4. Dorian intends to deduct the maximum amount of CCA for the year. Required: For the taxation year ending December 31, 2019, calculate Dorian's: A. minimum Net Income For Tax Purposes. B. minimum Taxable income. C. Federal Tax Payable. Ignore GST/HST/PST considerations in your solution