Carmen's marginal tax rate is 30%. She earned $1,000 in interest income from a bond portfolio. She sold $10,000 of a stock with an adjusted cost base of $8,000. She withdrew $2,000 from her TFSA. Assuming that she had no other income, what is her tax liability? $1,200 $900 $1,500 $600

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Ive calculated that Carmens tax liability is 600Heres the breakdown Interest income 1000 taxed at ... View the full answer