Multiple Choice
Your earnings in 2017 were $120 000,which is the 40 percent marginal tax bracket and 30 percent average tax bracket,in your province.How much would your taxes be reduced if you made the full RRSP contribution for this year (and had no additional RRSP room) ?
A) $7803
B) $10 404
C) $26 010
D) $12 000
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Students should not file income tax returns
Q5: You have to file a personal tax
Q6: Marta received an inheritance of $20 000
Q7: Which of the following would produce the
Q8: The maximum medical expenses credit cannot exceed
Q10: Filing an income tax return,even when you
Q11: The combined Federal and Provincial tax rates
Q12: In which general category of tax should
Q13: Meg makes RRSP contributions resulting in a
Q14: Which of the following is true for