Question
Individual A has taxable income of $116,308 in 2022. Individual A is single and lives with her 9-year old daughter. The 9-year old daughter has
Individual A has taxable income of $116,308 in 2022. Individual A is single and lives with her 9-year old daughter. The 9-year old daughter has a physical infirmity that is not severe enough to qualify for the disability tax credit. The 9-year old daughter has no income of her own in 2022.\ \ Individual A lives in a province where the gross tax is 32% of the federal tax and the tax credits are 33% of the federal tax. What is the total tax for Individual A in 2022? Assume that Individual A is not eligible for any tax credits other than the basic personal amount, the eligible dependant amount and the Canada Caregiver amount.
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