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58-YEAR-OLD JACKSON HAS A Taxable Income for the year is calculated as follows: Employment Income $63,000 Taxable Eligible Dividends 1,380 Deduction for CPP Contributions (166)
58-YEAR-OLD JACKSON HAS A Taxable Income for the year is calculated as follows:
Employment Income | $63,000 |
Taxable Eligible Dividends | 1,380 |
Deduction for CPP Contributions | (166) |
Taxable Income | $64,214 |
his employer deducted CPP and EI from his pay. Jackson is single and has no children.
1. Calculate Federal Tax Payable for this for 2027 below. Round your answers to the nearest dollar where necessary. Federal Tax Payable before Tax Credits is already calculated:
Total Federal Tax before Tax Credits | $10,494 | |
Name of Tax Credit: | Base Amount: | |
Total Credit Base: | ||
Federal Tax Credit Rate: | x15% | |
Federal Tax Payable: |
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