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Peter has total income of $54000. He has employment expenses of $18000, made a $5000 RRSP contribution and incurred $4000 in tuition expenses for his
Peter has total income of $54000. He has employment expenses of $18000, made a $5000 RRSP contribution and incurred $4000 in tuition expenses for his daughter, who did not work and is a freshman at a local community college. He has a basic personal basic amount of $12298 and his marginal tax rate is 26%. Compute Ralph's taxable income for the current year.
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