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Question 11 (8 marks) Ainsley Lavignes net income for tax purposes for 2018 was $65,000. For 2018, Ainsleys husband Adam had a net income for
Question 11 (8 marks)
Ainsley Lavignes net income for tax purposes for 2018 was $65,000. For 2018, Ainsleys husband Adam had a net income for tax purposes of $43,000. Ainsley and Adam paid the following medical expenses in 2018:
Required:
Determine the optimal medical expense tax credit for 2018, and indicate who should claim the credit on their return. The 2018 threshold amount for medical expenses is $2,302. Show all calculations. Round your calculations to the nearest dollar.
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