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During 2016, James Matheson; a resident of Ontario has calculated his income to be $100000. Assume the Ontario rates to be $5.07 % on a
During 2016, James Matheson; a resident of Ontario has calculated his income to be $100000. Assume the Ontario rates to be $5.07 % on a taxable income up to $ 45282 and 9.10% on the next $45281. Calculate his 2016 federal and provincial tax payable before considering any credits and his average rate of tax.
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