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During 2023, John Martin is a resident of Ontario and has calculated his taxable income to be $88500. Assume that Ontario's rates are 5.05%
During 2023, John Martin is a resident of Ontario and has calculated his taxable income to be $88500. Assume that Ontario's rates are 5.05% on Taxable income up to $53,359 and 9.15% on the next $53,358. Calculate his 2023 combined federal and provincial tax payable without consideration of any tax credits. Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer: 9355 Answer
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