Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Troy graduated in civil engineering from Concordia two years ago and decided to work in the remote area of northern Quebec. He is making great

Troy graduated in civil engineering from Concordia two years ago and decided to work in the remote area of northern Quebec. He is making great money and saving it all. What is Troys average rate of tax if in 2021 he paid taxes of $58,232.74 on his gross income earned of $135,000? (ignore Non-Refundable Tax Credits, Quebec Abatement, and any employer withholdings)

  1. 43.14%

  2. 33.29%

  3. 49.97%

  4. 29.35%

  5. 38.09%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

9781285586618

Students also viewed these Finance questions

Question

The distribution channel refers to manufacturing parts.

Answered: 1 week ago