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During 2020, Joan Matel is a resident of Ontario and has calculated her Taxable Income to be$56,700. Assume that Ontario's rates are 5.05 percent on
During 2020, Joan Matel is a resident of Ontario and has calculated her Taxable Income to be$56,700. Assume that Ontario's rates are 5.05 percent on Taxable Income up to $48,535 and9.15 percent on the next $48,534. Calculate her 2020 federal and provincial Tax Payable before consideration of credits, and her average rate of tax.
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Financial accounting
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
9th edition
978-0132751216, 132751127, 132751216, 978-0132751124
