SIGNMENT #1 -Non refundable tax credits and Adv Cap Gains Rules

Question

Question #4
Gary and Kelly have two children, Ben, age 14 and Cody, age 20. The
children both live at home and are full-time students, dependent on their
parents. The medical expenses and net income for each member of the
family for the current year is as follows:
Medical Expenses Net Income
Gary 2,200 62,000
Kelly 2,750 102,000
Ben 600 500
Cody 6,000 6,000
All of the medical expenses were paid by Gary in the 12-month period ending
December 31st. None of the expenses were covered under a private health plan.
Required:
a) Determine the maximum medical expense credits for the current year.
b) Outline any further tax planning tips that Gary should keep in mind for the future.