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This is a taxation questions Week 12 Ex84- Tax credits 3 Kiran is 47 years old and has an employment income of $64.000 (this is
This is a taxation questions
Week 12 Ex84- Tax credits 3 Kiran is 47 years old and has an employment income of $64.000 (this is Kiran's taxable income) Kiran's employer has withheld the maximum CPP contribution and El premium. Her husband, Gary is 50 years old and has net income for tax purposes of $7 250 They have 2 children, 19-year-old Isabella, and 17-year-old Mason who lives with them. Mason has a disability that qualifies him for the disability credit and he has no income 5 During the year, Kiran and Gary had eligible medical expenses of $2.520 Isabella attends school on a full time basis for 9 months of the year. Kiran pays $5,000 for Isabella's tuition for 2 semesters during the year and pays $600 for any textbooks required Isabella worked part-time in the summer and has an employment income of $2,500. She is willing to transfer the maximum of her lustion fee to her mom Kiran made a $1,200 contributions to federal conservative political party 11 12 Calculate Kiran's minimum federal tax payable for 2019, applying all applicable credits Week 12 Ex84- Tax credits 3 Kiran is 47 years old and has an employment income of $64.000 (this is Kiran's taxable income) Kiran's employer has withheld the maximum CPP contribution and El premium. Her husband, Gary is 50 years old and has net income for tax purposes of $7 250 They have 2 children, 19-year-old Isabella, and 17-year-old Mason who lives with them. Mason has a disability that qualifies him for the disability credit and he has no income 5 During the year, Kiran and Gary had eligible medical expenses of $2.520 Isabella attends school on a full time basis for 9 months of the year. Kiran pays $5,000 for Isabella's tuition for 2 semesters during the year and pays $600 for any textbooks required Isabella worked part-time in the summer and has an employment income of $2,500. She is willing to transfer the maximum of her lustion fee to her mom Kiran made a $1,200 contributions to federal conservative political party 11 12 Calculate Kiran's minimum federal tax payable for 2019, applying all applicable creditsStep by Step Solution
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