Problem (10 minutes, marks) Vant is an employee of the Toronto Raptors where he eats the corporation and its players with their Canadian tax tngs. His spouse passed away a few years ago and he Ives with his 15 year mployment income from the Toronto Raptors during old dependent son Vanvit eemed se5,000 the year in addition, he also has a parte coaching business where he teaches basket related skits to young athletes. He incurred a loss of $5,150 on the coaching business the is now conelfering focusing full time on his tex career Vanvit conbibuted $10,000 to his RSP during the year. During the year he also sold some shares and received proceeds of $10,000. He had bought these shares 3 years ago for an ACB of $6,000. He has a net capital loss of $3,000 that is being carried forward from a prior year Required: Calculate VanVir's total tax payable for 2022. Show all steps in the calculations including net income for tax purposes, taxable income, any applicable tax credits (ignore the CPP tax cred) and finally total tax owing for the year 2022. Supplementary Information 3 INDIVIDUAL FEDERAL INCOME TAX RATES able income bebe Tabereanover Taxon For 2021 30 and $48,000 $0 15% $40,021 and $98.040 $7,363 20.5% $98,041 and $151,970 $17,402 20% $151,879 and $216,511 $31,420 29% $216,512 and any amount $50.141 33% For 2022 4 4 E Lable income in base amount Tee on excess 7 R 2 9 C V T 9 MacBook Air LO B Y H C N 10 M