Ashleigh Batista is 42 years old and divorced. Her net income for 2023 is $84,400. She has retained the family home and custody of both children, who live with her. Her son is 23 years old, has no net income for 2023, and suffers from a mental impairment. He does not, however, qualify for the disability tax credit. Her daughter is 14 years old, has net income of $4,150 in 2023, and is in good health. Determine Ms. Batista's maximum federal personal tax credits for 2023. Enter the amounts to complete the table. (Round your answer to the nearest whole dollar.) Basic Personal Amount - Ashleigh Amount for eligible dependant - daughter Canada caregiver credit - son Total credit base Rate (percentage) Maximum federal personal tax credits, 2023

Ashleigh Batista is 42 years old and divorced. Her net income for 2023 is $84,400. She has retained the family home and custody of both children, who live with her. Her son is 23 years old, has no net income for 2023, and suffers from a mental impairment. He does not, however, qualify for the disability tax credit. Her daughter is 14 years old, has net income of $4,150 in 2023, and is in good health. Determine Ms. Batista's maximum federal personal tax credits for 2023. Enter the amounts to complete the table. (Round your answer to the nearest whole dollar.) Basic Personal Amount - Ashleigh Amount for eligible dependant - daughter Canada caregiver credit - son Total credit base Rate (percentage) Maximum federal personal tax credits, 2023

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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