Multiple Choice
You have a salary of $30 000, an RPP deduction of $2000, and union dues of $800. The federal tax rate is 15.5 percent. What federal tax do you owe?
A) $4340
B) $2216
C) $1416
D) $4216
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: Tax evasion occurs when taxpayers attempt to
Q56: Gross income consists of all reportable income
Q108: Non-refundable tax credits should be used first
Q109: You are being paid on a base
Q110: The knowledge of tax laws can help
Q111: The tax rate a taxpayer is charged
Q112: Which of the following reduces total income,
Q114: Which of the following incomes are taxed
Q115: If you are supporting a spouse who
Q116: RRSP contributions do not reduce the amount