Personal Taxes Roxanne is 55 years old in 2020. Her net income for tax purposes is as follows: 67,500 25,000 Employment income Taxable amount of eligible dividends Interest income Rental income Net income 33,000 12,500 Needs to be calculated Additional information: Roxanne's husband Calvin who is 58, had the following sources of income in 2020 from investments: Capital gains $1,500 Eligible dividends 5,500 Roxanne's 29-year-old daughter, Betsy, lives with Roxanne and Calvin. At the age of 25 Betsy was in an accident and as a result is partly paralyzed. She earned interest income of $9,500 in 2020 from a settlement she received because of the accident. a Roxanne's 79-year-old mother, June, lives with Roxanne and Calvin as well. She received OAS of $7,362 and earned interest income of $8,000 in 2020. a . Roxanne's granddaughter, Blue, is a third-year student at a Canadian university. Her income and expenses for 2020 were as follows: Part-time employment: $15,700 (CPP and EI withheld in total were $675) Tuition fees paid by Roxanne: $7,400 Scholarship income: $6,500 Blue has agreed to transfer the maximum amount of the basis for the tuition credit to Roxanne. a Roxanne's granddaughter, Blue, is a third-year student at a Canadian university. Her income and expenses for 2020 were as follows: Part-time employment: $15,700 (CPP and EI withheld in total were $675) Tuition fees paid by Roxanne: $7,400 Scholarship income: $6,500 Blue has agreed to transfer the maximum amount of the basis for the tuition credit to Roxanne. Roxanne made the following additional payments in 2020: Charitable donations: $950 (assume she has made donations in the past five years) Premiums to private health insurance: $2,150 Required: Determine Roxanne's minimum federal tax payable for 2020. Start with the net income, calculate taxable income, then calculate the non-refundable federal tax credits (which use the 15%, and those that don't (charitable and dividend tax credits). Personal Taxes Roxanne is 55 years old in 2020. Her net income for tax purposes is as follows: 67,500 25,000 Employment income Taxable amount of eligible dividends Interest income Rental income Net income 33,000 12,500 Needs to be calculated Additional information: Roxanne's husband Calvin who is 58, had the following sources of income in 2020 from investments: Capital gains $1,500 Eligible dividends 5,500 Roxanne's 29-year-old daughter, Betsy, lives with Roxanne and Calvin. At the age of 25 Betsy was in an accident and as a result is partly paralyzed. She earned interest income of $9,500 in 2020 from a settlement she received because of the accident. a Roxanne's 79-year-old mother, June, lives with Roxanne and Calvin as well. She received OAS of $7,362 and earned interest income of $8,000 in 2020. a . Roxanne's granddaughter, Blue, is a third-year student at a Canadian university. Her income and expenses for 2020 were as follows: Part-time employment: $15,700 (CPP and EI withheld in total were $675) Tuition fees paid by Roxanne: $7,400 Scholarship income: $6,500 Blue has agreed to transfer the maximum amount of the basis for the tuition credit to Roxanne. a Roxanne's granddaughter, Blue, is a third-year student at a Canadian university. Her income and expenses for 2020 were as follows: Part-time employment: $15,700 (CPP and EI withheld in total were $675) Tuition fees paid by Roxanne: $7,400 Scholarship income: $6,500 Blue has agreed to transfer the maximum amount of the basis for the tuition credit to Roxanne. Roxanne made the following additional payments in 2020: Charitable donations: $950 (assume she has made donations in the past five years) Premiums to private health insurance: $2,150 Required: Determine Roxanne's minimum federal tax payable for 2020. Start with the net income, calculate taxable income, then calculate the non-refundable federal tax credits (which use the 15%, and those that don't (charitable and dividend tax credits)