Small kiosk business inside a mall (Retailer of clothes made in Asia) and I am the owner
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Question:
Choose from Three Options that best suit my business type.
1..Easy Tax Returns (1-3 T4 Slips)
2..Medium Tax Returns (T4 and T5 slips)
3..Complicated Tax Returns (T-2125/T-776)
Then, in making the tax return, assume numbers that will result in income/profit with the following scenarios:
Based on my gross income there's a 15% cost/commission which is standard for a mall kiosk
Pretend you are in a 30% tax bracket
Please Answer these two questions:
How much is your expected profit after taxes?
What is your hourly rate at (Pre-Taxes?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: