Question
In each of the following independent Cases, determine the maximum amount of 2019 personal tax credits, including transfers from a spouse or dependant, that can
In each of the following independent Cases, determine the maximum amount of 2019 | ||
personal tax credits, including transfers from a spouse or dependant, that can be applied | ||
against federal Tax Payable by the taxpayer. | ||
A calculation of Tax Payable is NOT required, only the applicable credits | ||
4. Mr. Barton has divorced two years ago and maintains a residence separate from his former | ||
spouse. He has custody of the three children of the marriage, aged 8, 9, and 10, and | ||
receives $2,500 per month in child support payments. Mr. Barton has Net Income For Tax | ||
Purposes of $62,300, none of which is employment income or income from self-employment. | ||
None of the children have any income of their own. |
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
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