Practice Comprehensive QuestionHarrinder Patel is a $42$ year old employee with Best Corp. His salary was $$170,000$ in $2022.$ During the year his employer gave him jewelry as a $15$ year anniversary award worth $$15,000$ and a crystal vase worth $$850$ as a gift for his wedding in August. BestCorp deducted the required income tax, CPP and El amounts from his paycheques during the year.Harrinder sold $2,000$ shares of ABC Inc., a publicly traded company, during $2022.$These shares had an adjusted cost base of $$75/$share and he was able to sell them for $$100/$share during the year.Harrinder also was required by his employer to work from home, where he has space that he uses exclusively to carry out various employment duties and to meet customers on a regular and continuous basis. His work space in the home represents $12\%$ of the total floor space in his home. His home expenses for the year consisted of insurance of $$2,200,$ utilities of $$1,900,$ home internet $$1,200,$ repairs to his work space of $$400$ and repairs to the furnace of $$1,500.$ Harrinder and his spouse, Twinkle, purchased the home in $2022$ for $$1,250,000.$ Neither of them had owned a home previously.Harrinder's spouse is infirm and had net income for tax purposes $($NITP$)$ of $$5,000$in $2022.$ Harinder's spouse was a full$-$time student at Seneca College and paid tuition of $$16,000$ in $2022.$Harrinder had a $$8,000$ allowable capital loss carryover from a number of years ago that he has not been able to use in a prior taxation year.REQUIREDCalculate the amounts to report on each line in the table below, including Harrinder's NITP and taxable income:DescriptionAmountLine $3$aLine $3$bLine $3$cLine $3$dNet Income for Tax PurposesDivision C DeductionsTaxable IncomeACC$400$ TaxationTerm Test $2$Practice Comprehensive QuestionB. Calculate the Federal Income Tax Liability for Neil:Description:AmountFederal Income Tax LiabilityLaw PartnerC. Calculate the following Federal Non$-$Refundable Tax Credits for NeilDescription:AmountBasic Personal CreditSpousal CreditCanada Employment CreditCanada Caregiver Credit $-$ Additional AmountFirst Time Home Buyers' CreditCanada Pension Plan CreditEmployment Insurance CreditTransfer of Unused Credits from Spouse or Common