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Neil Down is a 42 year old employee with Random Corp. His salary was $166,000 in 2021 . During the year his employer gave him

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Neil Down is a 42 year old employee with Random Corp. His salary was $166,000 in 2021 . During the year his employer gave him a bracelet as a 20 year anniversary award worth $2,300 and a Jura espresso machine worth $1,200 as a gift for his wedding in May. Random Corp deducted the required income. tax, El and CPP amounts from his paycheques during the year, Neil owns a portfolio of big pharma stocks. He sold 20,000 shares of MracleDrugs Inc., a publicly traded company, during 2021. These shares had an: adjusted cont base of 53 ishare and he was able to sell them for $4/ share during the year. Neil is also required by his employer to work from home, where he has space that he uses exclusively to carty out various employment duties and to meet customers on a regular and continuous basis. His work space in the home represents 15% of the total floor space in his home. His home expenses for the year consisted of insurance of $2,200, utilities of $2,000 and repairs of $1,600. Nell and his spouse purchased the home in 2021 for $2,490,000. Neither of them had owned a home previously. Neils spouse is infirm and had net income for tax purposes of $5,000 in 2021 . Neil's spouse was a full-time student at Seneca. College. Mer turtion. was $16,850 in 2021 . Neil's 28 year-old infirm cousin also lives with them. His iofirm cousin had no income during the year. Nel had a 54,000 allowable capital loss carryover from a number of years ago that he has not been able to use in a prioc taxation year: Required: A. Caicutate the amount to report on each line in the table below, including Nell's 2021 Net Income for Tax Purposes and Taxable Income. B. Calculate the Federal Income Tax Liability for Neil: C. Calculate the following Federal Non-Refundable Tax Credits for Neil C. Calculate the following Federal Non-Refundable Tax Credits for Neil

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