Under the Federal and Provincial system of taxation an individual with taxable income of $20,000 is computed

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Under the Federal and Provincial system of taxation an individual with taxable income of $20,000 is computed as follows: Federal Tax 15% $3,000 Provincial Tax 7% $1,400 Total $4,400 Suppose an employee has a taxable income of $90,000, is the total amount of $19,750, correct? O True .False

Posted Date: May 18, 2024 03:14 PM

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Under the Federal and Provincial system of taxation an individual with taxable income of $20,000 is computed

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