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Troy Bolton and his wife have 3 children two whom are under 18 and a 23-year-old son living with them. They also have Troys mother
Troy Bolton and his wife have 3 children two whom are under 18 and a 23-year-old son living with them. They also have Troys mother in law living with them. Troy has net income of $120000 with medical expenses of $4200, His wife has income of $12000 with medical expense of $2400. The two under age children are twins of 12 years old each. Both have no income but their medical expenses are $650 and $700. The 23-year-old son has income of
$15000 with medical expenses $2000. Troys mother(72 years of age) has income of $1000 and expenses of $5600/ Calculate Troys medical tax credit amount given he is paying all the medical expenses. (5 marks)
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