Mr. John DeMello has 2021 net income for tax purposes of $26,100. His spouse is dependent on him because of a physical infirmity. The infirmity is not sufficient to qualify for the disability tax credit. She has 2021 net income for tax purposes of $5800. Mr. DeMello has no tax credits other than the Basic Personal credits for his spouse and himself. Determine Mr. DeMello’s federal tax credits for 2021. (BPA - $14398, Canada Infirm amount - $2295, Canada care giver- $7348, disability amount-$8662)
Mr. John DeMello has 2021 net income for tax purposes of $26,100. His spouse is dependent on him because of a physical infirmity. The infirmity is not sufficient to qualify for the disability tax credit. She has 2021 net income for tax purposes of $5800. Mr. DeMello has no tax credits other than the Basic Personal credits for his spouse and himself. Determine Mr. DeMello’s federal tax credits for 2021. (BPA - $14398, Canada Infirm amount - $2295, Canada care giver- $7348, disability amount-$8662)
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 18DQ
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Mr. John DeMello has 2021 net income for tax purposes of $26,100. His spouse is dependent on him because of a physical infirmity. The infirmity is not sufficient to qualify for the disability tax credit. She has 2021 net income for tax purposes of $5800. Mr. DeMello has no tax credits other than the Basic Personal credits for his spouse and himself. Determine Mr. DeMello’s federal tax credits for 2021.
(BPA - $14398,
Canada Infirm amount - $2295,
Canada care giver- $7348,
disability amount-$8662)
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