Jennifer is 51 years old and has been living with Allan (48 years old) for over 3 years now and his 20-year old daughter Jessica. Jennifer had net and taxable income of $180,000 for 2020 while Allan had net and taxable income of only $12,000 during the year. Jessica is physically and mentally infirm since birth and received social assistance payments of $18,000 for 2020. Jennifer had the following amounts withheld from her gross salary for 2020:

Employment Insurance Premiums $856.00

Canada Pension Plan Contributions $2,898.00

Charitable contributions (Centraide) $1,000.00

Based on the above information, what is the total of Jennifer's maximum federal tax credits that she can use to reduce her federal tax payable for 2020? Assume all required tax forms and elections were properly filed.

A. $3,027

B. None of the choices shown

C. $3,156

D. $5,267

E. $34,368

F. $5,155

G. $5,292

H. $5,396

Answer rating: 100% (QA)

The Maximum FTCs for 2020 is 402915 Hence Option B None o... View the full answer