Ben is married and lives with his wife whose total income for the year is $12,000. During the current year, he earned an employment income of $80,000. His employer deducted from his pay the maximum CPP and EI premiums of $3166 and $890 respectively. In 2021 at a garage sale Ben sold 7 individual hockey cards to several collectors for $2,000 each which he bought for $100 each when he was 25 years old. 

Ben's federal tax payable net of his maximum federal non-refundable tax credits for the current year 2021, rounded to the nearest dollar is:____________.

Answer rating: 100% (QA)

Federal income 80000 CPP 3... View the full answer