Mrs. X is 54 years old and her spouse is 67. Mrs. X's spouse qualifies for the
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Mrs. X is 54 years old and her spouse is 67. Mrs. X's spouse qualifies for the disability tax credit. Mrs. X has 2021 Net Income For Tax Purposes of $109,000, while her spouse has 2021 Net Income For Tax Purposes of $6,200. Mrs. X’s income is entirely made up of interest income. What is the amount of the federal non-refundable tax credits that Mrs. X can used to reduce her federal tax payable for 2021?
A. $3,212
B. $4,512
C. $6,013
D. $4,358
Related Book For
The Economics of Women Men and Work
ISBN: 978-0132992817
7th edition
Authors: Francine D. Blau, Marianne A. Ferber, Anne E. Winkler
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