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Max Wilson has Net Income for Tax Purposes of $ 1 0 4 , 3 0 0 , all of which is rental income. His

Max Wilson has Net Income for Tax Purposes of $104,300, all of which
is rental income. His spouse has Net Income for Tax Purposes of
$8,720. Their daughter is 13 years old, lives with them, and has Net
Income for Tax Purposes of $3,240. Their son is 24 years old and,
because of a physical disability, continues to live with them. He has
no income of his own. His disability is not severe enough to qualify
for the disability tax credit.
Required basic personal amount?

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