QUESTION 1 Jack Banino has Net Income For Tax Purposes and Taxable income of $83,000 in both 2019 and 2020. Because of a recent run of good luck in Las Vegas, he is able to make a 2019 donation of $120,000 to a registered Canadian charity. He plans to use $30,000 of the donation as the base for a charitable donations tax credit in 2019. He plans to carry the balance of the $120,000 forward to subsequent years. Determine Jack's charitable donations tax credit for 2019. In addition, determine the maximum amount of the donation that he can use in 2020. Until what year can he claim any unused portions of his 2019 donation? T T T Arial 3 (121) T