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Calculate the federal tax payable for Mona Melton

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Reference no: EM133033103

Question - Consider the following information regarding Mona and Doug Melton's T1 return in 2020:

Mona is 46 years old and has employment income of $160,000.

Doug is 44 and has net income for tax purposes of $6,100.

They have a 20-year-old son who lives at home. He is dependent because of a physical infirmity, but it is not severe enough to qualify him for the disability tax credit.

Their son attended university full-time bases for 8 months in 2020. Mona pays his tuition fees of $9,400 plus $720 for textbooks. The son also has Net Income for Tax Purposes of $8,350.

The son will transfer the maximum tuition allowed to Mona.

Required - Calculate the federal tax payable for Mona Melton.

Reference no: EM133033103

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