In the following independent case determine the maximum amount of 2019 personal tax credits, including transfers from
Fantastic news! We've Found the answer you've been seeking!
Question:
In the following independent case determine the maximum amount of 2019 personal tax credits, including transfers from a spouse or dependent, that can be applied against federal Tax Payable by the taxpayer. A calculation of tax payable is not required, only the applicable credits.
3. Mr. Sharp has Net Income For Tax Purposes of $72,350, none of which is employment | ||
income or income from self-employment. He lives with his common-law partner and her | ||
three children from a previous relationship. The children are aged 13, 15, and 20. The 20 | ||
year child is dependent because of a physical disability. However, the disability is not | ||
sufficiently severe to qualify for the disability tax credit. Neither the common-law partner | ||
nor any of the children have any source of income. |
Related Book For
Posted Date: