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Question 5: 15 Your client (individual taxpayer) is 56 years old in 2020. She has the following information: . . She is married. Her spouse
Question 5: 15 Your client (individual taxpayer) is 56 years old in 2020. She has the following information: . . She is married. Her spouse is 58 and had income of $9,000. Her employment income was $90,000. She had employment insurance premiums of $856 and CPP contributions of $2,898 withheld at source. She earned $10,000 in interest income from Canadian government bonds. She did not pay any tax instalments as she her income tax is withheld at source. She made charitable donations to 4 different charities for $200 each. Her daughter is a student at a Canadian university. The tuition fees paid by the daughter was $7,400. Assume that the daughter has no income so she will not be claiming the tuition tax credit. The maximum will be transferred to the parent (your client). Her son is 25 and lives with them. They have been taking care of him since his accident at 17. Her son has earned some interest income of $5,000. + Required Calculate the taxpayer's minimum federal tax payable for 2020. Your client will then compare this to the amount of taxes withheld (by the employer; this amount has not been provided in the question) and any difference will need to be paid
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