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During 2019, Izay Cortina is a resident of Ontario and has calculated her Taxable Income to be $56,700. Assume that Ontarios rates are 5.05 percent
During 2019, Izay Cortina is a resident of Ontario and has calculated her Taxable Income to be $56,700. Assume that Ontarios rates are 5.05 percent on Taxable Income up to $47,630 and 9.15 percent on the next $47,629. Calculate her 2019 federal and provincial Tax Payable before consideration of credits, and her average rate of tax.
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