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Subject: Calculation Of Tax Payable Before Credits During 2020, Joan Matel is a resident of Ontario and has calculated her Taxable Income to be $56,700.
Subject: Calculation Of Tax Payable Before Credits During 2020, Joan Matel 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 $48,535 and 9.15 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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