Tax Software AP $4-1$ This problem is continued in Chapter $11$ with Tax Software AP $11-1($Chapter $11$ is in Volume $2).$ DISCLAIMER: All characters appearing in this problem are fictitious. Any resemblance to real persons, living or dead, is purely coincidental. Mr$.$ Buddy Musician $($SIN $527-000-061)$ was born in Vancouver on August $28,1954.$ He has spent most of his working life as a pianist and song writer. He and his family live at $111$ WWW Street, Vancouver, B$.$C$.$ V$4$H $3$W$4,$ phone $(604)111-1111.$ Mr$.$ Musician's wife, Natasha $($SIN $527-000-129),$ was born on June $6,1996.$ She and Mr$.$ Musician have six children: four biological and two adopted. Each biological child was born on April $1$ of the following years: Linda, $2016$; Larry, $2017$; Donna, $2018$; and Donald, $2019.$ None of these children have any income of their own for $2021.$ Natasha's only income in $2021$ is $\backslash (\backslash$$ $3,200\backslash )$ from singing engagements. Buddy and Natasha's son Richard $($SIN $527-000-285)$ was born on March $15,2004,$ and has net income of $\backslash (\backslash$$ $2,800\backslash )$ for the year. Due to his accelerated schooling, he started full$-$time attendance at university in September of $2021$ at the age of $17.$ His first semester tuition fee is $\backslash (\backslash$$ $3,000\backslash ).$ These amounts are paid by Mr$.$ Musician$\mathrm{.}38$ Chapter $4$ Tax Software Assigviment Probiems Their other child, Sarah, was born on September $2,2001,$ and was in fulleime altendance at univer. sity for all of $202.$ fincluding a foukmonth summer sessionl. Her tuition is $59\mathrm{.}600.$ These amounts are also paid by Mr$.$ Musicisn. Sarah has no income during the year Noither Richard nor Sarah will have any income in the nuxt threevears. They both have agreed that the maximum tuition amount should be transfened to their tather it it is beneficial Mr$.$ Musician's mother, Eunice, was boen on April $10,1934,$ and his tather, Eart, was born on November $16,19$G$2.$ They both live with Mr$.$ Musician and his wile. While his tather has some mobilty issues, he is not intirm, His mother is legally blind. Eurice Musician had net income of $\backslash (\backslash$$ $9,500\backslash )$ for the year, while Earl Musician had net income of $\backslash (\backslash$$ $2500\backslash )$ Other information concerning Mr$.$ Musician and his famly for $2021$ is as follows: $1.$ Mr$.$ Musician eamed $516,500$ tor work as the house panist at the Loose Moove Pub. His F$4$ ahowod that his erreioper withheid $\backslash (\backslash$$ $500\backslash )$ for income taves and $5260\mathrm{.}70$ for El$.$ No CPP was withheid as he had previoushy fled an election to stop contrbuting to the CFP on danuary $2,2000.2.$ Duning the vear, Mr$.$ Musician made his annual $53,000$ dentson to Planned Parenthood of Carada, a registered Canadian charity. $3.$ Mc$.$ Musician hos been married beloce to Lori Musician $($SIN $\backslash (527\mathrm{.}000-319\backslash ).$ Lori is $52$ years old and lives io Fort Erie, Ontario. $4.$ Me$,$ Musician has two additional children who Iive with their mother Ms$.$ Deily Nurse ISIN $527.000-5821,$ in Burnaby. British Columbia, The chuldron are Megan Nurse, aged $12,$ and Andrew Nurse, aged $14.$ Neither child has aty income in $2021.$ While Ms$.$ Nurse and Mr$.$ Musician were never married. Mr$.$ Musician acknowledges that he is the father of beth chidren. Although he has provided limited financial aid by paying their dental and medical enperses, the chldren are not dependent on Mr$.$ Musician for support $5.$ Mr$.$ Mhisician wishes to claim all hid medical expenses on a calendacyear batis instoad of a random twelve month period. On December $2,2022.$ Mc Musician paid dental expenses to CanadaWide Dental Clinics for the following individuats $6.$ Me$.$ Musician signed a contract with Fred Nesbitt on lanuary $13,2921,$ to do permaneet moditications to his house. The contract was tor the instalason of ramps with sturdy hand railings outside his front and back doors to give his parents easiet access to the house and moditications to their bathroom so they would be less thely to fall when using the shower. The contract price was $\backslash (\backslash$$ $5,800\backslash ).$ As neither of his parents has a severe and prolonged mobilty impairment, these expenditures are not eligible medical expenses. $7.$ Me$.$ Musician paid four quarterly instalments of $\backslash (\backslash$$ $1,000\backslash )$ each ftotal of $54,000$ for $2021,$ as requested on his instalment reminders from the CPA. he paid each instalment on the doe date $8.$ Assume that Mr$.$ Musician has not appliod to receive either OAS or CPP benelits. Required: With the objective of minimiang Mr$.$ Musician's income rax payable, prepare Mr$.$ Musician's $2021$ income tax teturn using the Profile tax softwase program assurning Natasha does not file an income tax return. List any assumptions you have made and any notes and tax planning issues you feel should be placed in the thle