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Using the following information, calculate the total amount of federal tax Mr. Marshall will pay after applying the tax credit. Employment income $45,000 1,000
Using the following information, calculate the total amount of federal tax Mr. Marshall will pay after applying the tax credit. Employment income $45,000 1,000 1,000 11,635 RRSP contribution (personal) RRSP contribution (spouse) Basic personal credit Taxable Income $0 to 45,916 Over 45,916 to 91,831 Over 91,831 to 142,353 Over 142,353 to 202,800 Over 202,800 Federal Tax Rates 15% 20.5% 26% 29% 33%
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
