Taxable IncomeFederal Tax on lower base $0 $50,197 - 100,392$7,530 $100,392 - 155,625$17,820 $155,625 - 221,708$32,180 Over $221,708$51,344 A. Gross Federal Tax Payable Mary's taxable income = $80,000Barry's taxable income = $130,000 $7,530 $7,530 $6,110 $10,290 Gross federal tax$7,698 $13,639 $25,518 B. Personal Tax Credits Marco has no tax credits other than the basic personal credits for his spouse and h Basic Personal amount 12,719 Spousal amount12,719 Less spouse's income(3,600) Total 21,838 Marco has no tax credits other than the basic personal credits for his spouse and h Basic Personal amount12,719 Spousal amount15,069 Less spouse's income (3,600) Total24,188 His mother is 67 years old, and is very fit and active.His father is 72 years old, an however, this is not severe enough to qualify for the disability tax credit.His mothe Basic Personal amount 12,719 Spousal amount12,719 Less spouse's income(5,000)$0 - 50,1971.Marco is married, and his spouse has 2022 net income for tax purposes 2.Marco is married, and his spouse has 2022 net income for tax purposes 3.Marco lives with his spouse whose net income for tax purposes is $5,00
Canada Caregiver amount 7,525 Total 27,963 Basic Personal amount 12,719 Spousal amount12,719 Less spouse's income(5,000) Canada caregiver amount 6,195 Total 26,633 b. Assume the same scenario above, however his father's net income for tax is $34 The caregiver would be reduced to zero as his father's income of 34,000 exceeds t Basic Personal amount 12,719 Eligible Dependent amount 15,069 Total 27,788 They have a 12 year old son, Adam, who has a mental infirmity which is not severe Basic Personal amount 12,719 Spousal amount 12,719 2350 Total27,788 Marco is an individual taxpayer.Determine Marco's federal tax credits for 2022 un Basic Personal Amount12,719 Age Amount4,872 Canada Pension Plan3,039 Employment Insurance1,287 Canada Employment Credit1,287 Total23,204
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