Mary is 31 years old. She made donations of $7,000. Her employment income is $100,000 in 2023. Mary’s employer withheld the maximum CPP contribution and EI premium. Mary’s common-law partner is 48 years old and has net income of $8,260. Their son Sam, 9 years old, has no income and is in good health. Required: Determine Mary’s 2023 federal income tax payable.
Mary is 31 years old. She made donations of $7,000. Her employment income is $100,000 in 2023. Mary’s employer withheld the maximum CPP contribution and EI premium. Mary’s common-law partner is 48 years old and has net income of $8,260. Their son Sam, 9 years old, has no income and is in good health. Required: Determine Mary’s 2023 federal income tax payable.
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 6DQ
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Mary is 31 years old. She made donations of $7,000. Her employment income is $100,000 in 2023. Mary’s employer withheld the maximum CPP contribution and EI premium. Mary’s common-law partner is 48 years old and has net income of $8,260. Their son Sam, 9 years old, has no income and is in good health.
Required: Determine Mary’s 2023 federal income tax payable.
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