Gerry is a resident of Quebec and has been with the same employer, XYZ company for the
Fantastic news! We've Found the answer you've been seeking!
Question:
Gerry is a resident of Quebec and has been with the same employer, XYZ company for the last 3 years.
Facts:
Gerry's gross salary in 2022: $96,000
ignore non-refundable tax credits for this problem
Using Table A, 2022 tax rates, calculate Gerry's taxes payable
Table A:
Gerry's Taxes Payable
Calculate Gerry's average tax rate and marginal tax rate:
| Tax calculation |
Average tax rate |
|
Marginal tax rate |
|
Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
Posted Date: