Vincent is 63 years old and is an employee at Centennial University with a salary of $150,000. In addition to his salary, he has income of $10,000 from a registered pension plan from a previous job. His employer has withheld the maximum EI premium of $856 and CPP contribution of $2,732. He does not qualify for enhanced CPP. Vincent has no Division C deduction, therefore his taxable income is equal to his net income.

His wife Diane is 66 years old and has net income for tax purposes of $6,100.

They have a 20 year old son who lives at home. He is dependent because of a physical infirmity, but it is not severe enough to qualify him for the disability tax credit. However, he is able to attend college on a full-time basis for 8 months during 2020. John pays his tuition fees of $9,400, as well as $720 for the textbooks that he requires in his program. The son has Net Income For Tax Purposes of $8,350. The son agrees to transfer the maximum of his tuition fee amount to Vincent. Vincent installed walking bars to make their home more accessible for his son which cost $500. The son decided he would pay for the walking bars as they were for his benefit. There were no other medical expenses for the family.

Question 18 (2 points)

Saved

ListenReadSpeaker webReader: ListenFocus

What is Vincent's Taxable Income?

Question 18 options:

	160,000
	150,000
	140,000
	0
	None of the above

Question 19 (4 points)

Saved

ListenReadSpeaker webReader: Listen

What is Vincent's Federal Tax before Credits?

Question 19 options:

	36,778
	33,878
	33,829
	30,992
	None of the above

Question 20 (3 points)

Saved

ListenReadSpeaker webReader: Listen

How much of the Basic Personal Amount tax credit, before 15% is applied, can Vincent claim?

Question 20 options:

	13,229
	13,090
	12,298
	12,159
	None of the above

Question 21 (3 points)

Saved

ListenReadSpeaker webReader: Listen

How much of the Spousal Amount tax credit, before 15% is applied, can Vincent claim?

Question 21 options:

	13,229
	12,298
	7,129
	6,990
	None of the above

Question 22 (2 points)

Saved

ListenReadSpeaker webReader: Listen

How much of the Canada Caregiver, before 15% is applied, can Vincent claim?

Question 22 options:

	9,549
	7,276
	2,273
	0
	None of the above

Question 23 (2 points)

Saved

ListenReadSpeaker webReader: Listen

How much of the Eligible Dependent tax credit, before 15% is applied, can Vincent claim?

Question 23 options:

	13,229
	8,350
	4,879
	0
	None of the above

Question 24 (3 points)

Saved

ListenReadSpeaker webReader: Listen

How much of the EI plus CPP tax credit, before 15% is applied, can Vincent claim?

Question 24 options:

	3,754
	3,588
	2,898
	2,732
	None of the above

Question 25 (2 points)

Saved

ListenReadSpeaker webReader: Listen

How much of the Age Amount tax credit, before 15% is applied, can Vincent claim?

Question 25 options:

	7,637
	7,713
	6,615
	0
	None of the above

Question 26 (2 points)

Saved

ListenReadSpeaker webReader: Listen

How much of the Canada Employment Amount tax credit, before 15% is applied, can Vincent claim?

Question 26 options:

	1,257
	1,245
	1,000
	0
	None of the above

Question 27 (2 points)

Saved

ListenReadSpeaker webReader: Listen

How much of the Tuition tax credit, before 15% is applied, can Vincent claim?

Question 27 options:

	9,400
	5,000
	4,400
	0
	None of the above

Question 28 (2 points)

Saved

ListenReadSpeaker webReader: Listen

How much of the Medical tax credit, before 15% is applied, can Vincent claim

Question 28 options:

	500
	250
	100
	0
	None of the above

Question 29 (2 points)

Saved

ListenReadSpeaker webReader: Listen

How much of the Pension tax credit, before 15% is applied, can Vincent claim?

Question 29 options:

	4,000
	2,000
	1,000
	0
	None of the above

Question 30 (1 point)

Saved

ListenReadSpeaker webReader: Listen

Can Vincent claim the Home Accessibility Tax Credit?

Question 30 options:

	Yes
	No