Casey earns $120,000 in net employment income and her employer has withheld the maximum CPP and EI amounts. She is married to Mary-Ann who earned income of $3,300 in 2019. Mary-Ann was in full-time post-secondary during 2019 and her T2202 shows tuition paid of $7,900. If possible, she would like to transfer this to Casey.

Required: For the 2019 taxation year, calculate Casey’ net federal tax payable (9 marks). Show Calculation in the space provided below.

Answer rating: 100% (QA)

Given facts Caseys taxable income of 120000 is employment income and her emplo... View the full answer