Betty Masters has 2020 Taxable Income of $15,123. She attends university in London, England during 2020, paying a total amount for tuition of $26,800 (Canadian dollars). Her only tax credit, other than the tuition credit, is her basic personal credit. Determine Betty's tuition credit and indicate how much of this total could be transferred to a supporting parent and how much would be carried forward.

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The Answer of Betty Masters has 2020 Taxable Income of $15,123. She attends university in London, England during 2020, paying a total amount for tuition of $26,800 (Canadian dollars). Her only tax credit, other than the tuition credit, is her basic personal credit. Determine Betty's tuition credit and indicate how much of this total could be transferred to a supporting parent and how much would be carried forward.

Betty Masters Has 2020 Taxable Income of $15,123