Short Answer
A province's progressive income tax rates are structured as follows: 16% tax on the first $15,000 of taxable income, 26% on the next $20,000, 35% on the next $40,000, and 45% on any additional taxable income. What percentage is an individual's total income tax of his (taxable) income if his taxable income for a year is:
a) $33,000?
b) $66,000?
c) $99,000?
Correct Answer:

Verified
a)21.5%
b)...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
b)...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q158: A customer has a first mortgage of
Q159: Evaluate the following accurate to the nearest
Q160: A survey of 254 randomly chosen residences
Q161: Evaluate the following :<br>-<img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Evaluate the
Q162: Calculate 0.54% of $200.
Q164: Evaluate the following: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Evaluate the
Q165: Sonal bought a new sound system for
Q166: What is his gross salary per pay
Q167: How much more will a consumer pay
Q168: A homeowner's tax statement lists the following