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URGENT! PLEASE ANSWER ASAP AND ANSWER ALL THE QUESTIONS BELOWM IF YOU ONLY ANSWER 1 QUESTION, I WILL LEAVE A THUMB DOWN! The following information
URGENT! PLEASE ANSWER ASAP AND ANSWER ALL THE QUESTIONS BELOWM IF YOU ONLY ANSWER QUESTION, I WILL LEAVE A THUMB DOWN!
The following information relates to the filing of Marys income tax return in :
She is years old. Her net income is made up of employment income of $ and Old Age Security Benefits or $ In her employer withheld deducted maximum CPP and EI contributions. Other information pertaining to is as follows:
Her spouse is years old and qualifies for the disability tax credit. His net income in was $
They have two children, Sam aged and Lori aged Sams net income was $ and Loris net income was $ In September Lori began fulltime attendance at Durham College. Mary paid Loris tuition of $ of which $ was for the fall semester and $ was for the semester. Lori is willing to transfer the maximum tuition credit to her mother.
The family had eligible medical expenses for the year of $ all of which were paid by Mary. Included in the $ in medical expenses paid by Mary was $ paid for Sam and $ paid for Lori.
Required: Answer these questions below:
What is Mary's total federal taxes payable before credits?
Mary would be subject to a clawback of her Old Age Security OAS in the amount of much dollars $
How much is the maximum tuition that Lori can transfer to Mary in
How much is the CPP amount that Mary would receive a tax credit for?
The spousal amount that Mary can claim in is how much dollars?
Mary is eligible to claim the age credit of $rounded is TRUE OR FALSE?
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