Question: please show work QUESTIONS 20 points Save As Simon Millstone is 48 years of age and has employment income of 581,000. His employer withheld the
QUESTIONS 20 points Save As Simon Millstone is 48 years of age and has employment income of 581,000. His employer withheld the maximum Ei premium and CPP contribution. His wife, Candice, is 46 years old and has Net Income for Tax Purposes of $7,325. They have one child, Daisy, who is 11 years of age and has income of $3,100. During the year, the family had eligible medical expenses of $2,050 for Simon, $1,950 for Candice and $500 for Daisy. Requirements: 1. Calculate Simon Millstone's minimum federal Tax Payable for 2020. Show your answer in good form with appropriate description of amounts. 2. Indicate any carry forward amount(s) available to him and his dependents and the carry forward provisions. For the toolbar, press ALT+F10 (PC) or ALT FN+F10 (Mac). BI y $ Paragraph 14px HE 2T % Arial ili
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