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Author Question: The figure below show a simplified version of the current(2021)Canadian federal income-tax system. ... (Read 27 times)

M1ch3a

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The figure below show a simplified version of the current (2021) Canadian federal income-tax system. The marginal income-tax rates for the five ranges of income are 15%, 20.5%, 26%, 29%, and 33% respectively.



FIGURE 18-2

Refer to Figure 18-2. An individual with a taxable income of $39 500 will pay ________ in income taxes.


◦ $6109
◦ $7353
◦ $0
◦ $8690
◦ $5925


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Marked as best answer by M1ch3a on Oct 12, 2022

zubair1583

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M1ch3a

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Reply 2 on: Oct 12, 2022
:D TYSM


diana chang

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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