Determine the maximum amount of personal tax credits

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Reference no: EM132707221

Ms. Morrison is divorced and maintains a residence far from her former spouse. She has custody of the two children from the marriage. They are aged 7 and 10 and in good health. Her Net Income For Tax Purposes is $50,000, all of which is spousal support payments. Neither child had any income for the year.

REQUIRED:

Problem 1: Determine the maximum amount of 2019 personal tax credits, including transfers from a spouse or dependant, that can be applied against federal Tax Payable by the taxpayer.

Reference no: EM132707221

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