Use the CRA forms (T1 and necessary schedules) to answer the question. You need to navigate your way to locate the forms: http://www.cra-arc.gc.ca/menu-eng.html [Note that navigating the CRA web site to identify and locate the necessary forms is part of the learning objective of this assignment so, please, dont come asking the instructor to find the forms for you]. Calculate the Federal tax payable for the year 2017 for Mrs. Smith, given the following information: Employment income: $162,500 Actual dividends: $5,600 (these are eligible dividends) Employee CPP contribution: $ 920 EI premium: $730 Registered Pension Plan Contribution: $6,800 Union dues: $640 RRSP contribution: $7,850 Prize from winning the lottery: $50,600 Life Insurance benefit payment received: $125,000 Interest income: $14,000 Tuition fees: $6,260 (was in school full time from January to April and parttime from May to August) Charitable donations: $7,250 Federal income tax already deducted (withheld): $21,800 (Assume no more CPP contribution is required.)