Problem
Mary gathered the following information for her 2019 income tax return:
• Wages $47,590
• Interest on GIC $125
• Interest on Savings account $65
• RRSP deduction $2,000
• Child care deduction $6,300
• Federal tax deducted at source $4,863
• Non-refundable tax credit: Basic Personal Amount of $10,382
Note: Interest earned on the Guaranteed Investment Certificate (GIC) and Interest earned on the Savings Account are regarded as taxable income.
Task
Based on the foregoing, calculate her federal income tax, and determine if she gets a refund or pays more taxes to the government.