Question: In 2 0 2 4 , an individual received a salary of $ 6 5 , 0 0 0 . Deducted from the salary were

In 2024, an individual received a salary of $65,000. Deducted from the salary were income taxes of $12,000, the maximum Canada pension plan (CPP) and employment insurance (El) contributions of $4,917 of which $650 was the enhanced CPP contribution, and charitable donations of $600. What would be the individual's total federal tax in 2024?ReferencesSave & ExitStCheck my ingMultiple Choice$6,762$7,392$6,664$6,977FULL HDMcravHill-9\deg CMostly cloudy 1080 Prev6of 9Score answer >Search

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!