Exercise 2 credits for the purpose of determining his basic federal tax. Income (net): ITA Mr. Malcolm Miller has provided you with a list of various sources of income, losses, deductions, and Business income . Property income... Retiring allowance from a former employer Employment income from new employer Taxable capital gains (net of allowable capital losses). $10,000 . 3,000 20,000 .. 60,000 20,000 .. .. . Ren roperty loss... 4,000 Carry forward Losses and Tax Credits Canada Pension Plan contributions tax credit Education and textbook tax credits transfer from son............ Net capital losses from a previous year .............................5,000 Basic personal and spousal tax credits . Employment Insurance premiums tax credit .. Tuition tax credit for night course on computer applications Charitable gifts tax credit. . Canada employment tax credit . 3,311 134 168 -REQUIRED (A) Determine the income, taxable income and basic federal tax based on the above correct information using the ordering rules in sections 3, 111.1, and 118.92. Assume that federal tax before credits is $19,464 in 2013. (B) Cross-reference each amount to the appropriate section of the Act Exercise 2 credits for the purpose of determining his basic federal tax. Income (net): ITA Mr. Malcolm Miller has provided you with a list of various sources of income, losses, deductions, and Business income . Property income... Retiring allowance from a former employer Employment income from new employer Taxable capital gains (net of allowable capital losses). $10,000 . 3,000 20,000 .. 60,000 20,000 .. .. . Ren roperty loss... 4,000 Carry forward Losses and Tax Credits Canada Pension Plan contributions tax credit Education and textbook tax credits transfer from son............ Net capital losses from a previous year .............................5,000 Basic personal and spousal tax credits . Employment Insurance premiums tax credit .. Tuition tax credit for night course on computer applications Charitable gifts tax credit. . Canada employment tax credit . 3,311 134 168 -REQUIRED (A) Determine the income, taxable income and basic federal tax based on the above correct information using the ordering rules in sections 3, 111.1, and 118.92. Assume that federal tax before credits is $19,464 in 2013. (B) Cross-reference each amount to the appropriate section of the Act