Question: Federal Tax Payable: Problem 1(11 marks) - Jamie Adams is an employee of a Canadian controlled private corporation (CCPC) and has a 5-year-old daughter. She

 Federal Tax Payable: Problem 1(11 marks) - Jamie Adams is an

Federal Tax Payable: Problem 1(11 marks) - Jamie Adams is an employee of a Canadian controlled private corporation (CCPC) and has a 5-year-old daughter. She is not married or common law. Her 75-year-old mother also lives with her as she suffers from a mental infirmity and has net income of $18,000. She does not qualify for the disability tax credit. Jamie's taxable income of $160,000 is from her business and dividends. Her grossed-up eligible dividends are $6,900 ($5,000 was received). Other disbursements during the year were: Prescription medicine for daughter $2,700 Donation to registered charity 1,800 Part 1 Required: For the 2019 taxation year, calculate Jamie's net federal tax payable (11 marks). Show Calculation in the space provided below. 7 A B I !!! III SS

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