Question
Tania is an employee of ABC company earns $95,000/year. The contribution rate for CPP is 5.45%, and the provincial and federal tax credits rates are
Tania is an employee of ABC company earns $95,000/year. The contribution rate for CPP is 5.45%, and the provincial and federal tax credits rates are 10% and 15% respectively, what would Tania's tax benefit be? Assume her MTR is 40%, the YMPE is $56,000 and the standard YBE applies.
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Managerial Accounting
Authors: Peter C. Garrison, Ray H., Noreen, Eric W., Brewer
12th Edition
0071274227, 978-0071274227
