Question
ABC Company has an employee, Sue Nami, who has an estimated net income of $104,000 in 2022. Sue will be 53 years old in 2022.
ABC Company has an employee, Sue Nami, who has an estimated net income of $104,000 in 2022. Sue will be 53 years old in 2022. She is married and her infirm 48-year-old husband has a net income of $10,000. Sue studied part-time at Seneca College for 4 months and will pay tuition fees of $5000 in 2022. ABC Company follows a semi-monthly payroll schedule.
Required
What will be the federal and provincial tax withheld from Sue in each pay period in 2022?
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Introduction To Federal Income Taxation In Canada
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
33rd Edition
1554965020, 978-1554965021
