Question
If Theresa is self-employed and earns $75,000/yr, and the contribution rate for CPP is 4.95% for both employer and employee, and the provincial and federal
If Theresa is self-employed and earns $75,000/yr, and the contribution rate for CPP is
4.95% for both employer and employee, and the provincial and federal tax credits rates
are 8% and 15% respectively, what would Theresas tax benefit be? Assume her MTR is
40%, the YMPE is $56,000 and the standard YBE applies.
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Auditing and Assurance services an integrated approach
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
16th edition
978-0134075754, 134075757, 134065824, 978-0134065823
