Author Question: Net income available to shareholders excludes which of the following? (Read 97 times)

Aimless0988 · **on:** Aug 7, 2023

Question 1

Mr. X lives in Saskatchewan. In 2021, he had employment income of $90,000 and income from capital gains of $18,000. What is his total tax liability? The applicable tax tables are as follows:

Federal Rate

Tax Bracket

Provincial Rate

Tax Bracket

Fed. 15%

$0 – $49,020

Sask. 10.5%

$0 – $33,723

Fed. 20.5%

$49,021 – $98,040

Sask. 12.5%

$33,724 – $72,885

Fed. 26%

$98,041 – $151,978

Sask. 14.5%

Over $72,885

◦

$29,552

◦

$29,875

◦

$31,249

◦

$32,774

Question 2

Net income available to shareholders excludes which of the following?

◦

gains or losses on foreign exchange

◦

investment income

◦

common share dividends

◦

sales revenue

jacquelyngibson · **Reply #1 on:** Aug 7, 2023

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