Question 3 Mr. Wallace Burns is a very successful executive with a Canadian public company. During 2021, he had net and taxable income of $96,000, all of which was employment income. The following five independent Cases make assumptions with respect to Wallace's marital status and number of dependants, as well as provides other information that is relevant to the determination of his 2021 Federal income tax payable. In all cases, his employer withholds the required EI premiums ($890) and CPP contributions ($2,876). Case A Wallace is married to Sharon Burns. Sharon has net income of $6,750. Their 20 year old son Kenneth attends university on a full time basis during 11 months of the year. Wallace pays all of his son's costs including $9,850 for tuition and $1,350 for textbooks. Through part time jobs, Kenneth has net income of $4,620. Kenneth has agreed to transfer the maximum tuition amount to his father. Case B - While Wallace has never been married, he obtained custody of his 8 year daughter Sheila, when her mother, his high school girl friend, was killed in a car accident. Although he graduated several vears ago, Wallace still has a Canada Student Loan outstanding of $35,000. During the vear, interest paid on this loan totaled $1,750 and he paid down $5,000 of the principal. Case C Wallace is married to Sharon Bums. Sharon has net income of $4,580.Wallace's S2 vear old father, Wilbur and Sharon's 63 vear old mother, Samantha live with Wallace and Sharon. Wilbur had net income of $18,450, while Samantha had net income of $8,750. Both Wilbur and Samantha are in good health Case D - Wallace is married to Sharon Burns. Sharon has net income of $5,785. Wallace and Sharon have two children who are both in good health, Sonia is 10 years old and Zack is 8 years old. Neither child has any net income. The family's eligible medical expenses were as follows: Wallace Sharon Sonia Zack Total $ 800 1,200 4,600 3,700 $10,300 Case E Wallace has never been married and has no dependants. He is being treated by a psychologist for post traumatic stress disorder, but it is not severe enough to obtain a doctor's certificate for the disability tax credit. During the year he won $100,000 in the provincial lottery. He donates the entire amount to Planned Parenthood, a registered Canadian charity. For 2021, he claims only $45,000 of the total donation. Wallace also makes contributions to a federal political party in the amount of $1,200. Required: In each Case, calculate Wallace's minimum 2021 Federal income tax payable. Indicate any carry forwards available to him and his dependants and the carry forward provisions. Ignore any tax amounts that Wallace might have had withheld or that might have been paid by instalments