Reference no: EM133246842

Caze 7 Barbra is 46 years old and has employment income of $163,000. Her husband Larry is 41 years old and has Net Income For Tax Purposes of $7,240. 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. However, he is able to attend university on a full time basis for 8 months during 2016. Barbra pays his tuition fees of $8.300, as well as $640 for the textbooks that he requires in his program. The con has Net Income For Tax Purposes of $9,600. Required: In each Case, calculate Barbra Baines' minimum federal Tax Payable for 2016. Indicate any carry forwards available to her and her dependants and the carry forward provisions. Ignore any amounts Barbra might have had withheld or paid in instalments and the possibility of pension splitting.