In the following independent case determine the maximum amount of 2019 personal tax credits, including transfers from
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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.
Ms. Martin is 66 years old and has a Net Income For Tax Purposes of $28,750. This total is made up of OAS of $7,400, plus a pension income of $21,350 from a former employer. Her husband is 51 years old and blind. He has no income of his own. Ignore the possibility that Ms. Martin would split her pension income with her husband.
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