What is dave federal tax payable for 2022

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Reference no: EM133354184

Question: Dave is 48 years old and has employment income of $110,461. He had the following deducted from his pay cheques: Employment Insurance of $953 and Canada Pension Plan of $3,500 (including CPP enhanced contributions over the 4.95% base rate, $461). His spouse, Carol, 47 years old, had net income of $7,000. They have a child, Harry, who is 19 years old and lives at home. Harry attends college full time and his tuition fees for the year totalled $12,000. Any tuition fees that he is unable to claim will be transferred to Dave up to the maximum. Carol worked part-time and had Net Income of $5,000. Medical expenses for the year were as follows: Carol, $1,000, Dave, $2,200 and Harry, $1,400. Dave also made a Charitable Donation to the United Way of $500.

What is Dave's Federal Tax Payable for 2022? Show your calculations below

Reference no: EM133354184

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