Margo Rine is married to Jorun physical infirmity. Neither infirmity is severe enough to qualify for the disability tax credit. John has 2020 Net Income For Tax Purposes of $6,600. Their daughter has no 2020 income. Determine the amount of any 2020 tax credits that Margo will have related to her spouse and daughter. Answer: Margo will be entitled to the spousal tax credit, including the additional amount for an infirm spouse. In addition, she can claim the Canada caregiver credit for her 22 year old infirm daughter. The tofal credits would be as a year old daughter who has a calculated as follows: O $2,427 $1,557 $341 $3,257

Margo Rine is married to Jorun physical infirmity. Neither infirmity is severe enough to qualify for the disability tax credit. John has 2020 Net Income For Tax Purposes of $6,600. Their daughter has no 2020 income. Determine the amount of any 2020 tax credits that Margo will have related to her spouse and daughter. Answer: Margo will be entitled to the spousal tax credit, including the additional amount for an infirm spouse. In addition, she can claim the Canada caregiver credit for her 22 year old infirm daughter. The tofal credits would be as a year old daughter who has a calculated as follows: O $2,427 $1,557 $341 $3,257

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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