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10) Quinn's proprietorship eamed $98,000 in pre-tax profits this year. Quinn does not require personal funds from the business. Personal tax rates (federal plus

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10) Quinn's proprietorship eamed $98,000 in pre-tax profits this year. Quinn does not require personal funds from the business. Personal tax rates (federal plus provincial) in Quinn's province are: On the first $49,000 On income over $49,000 20% 30%

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