Using Table 3.7, calculate the combined federal and provincial marginal and average tax rates for both an

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Using Table 3.7, calculate the combined federal and provincial marginal and average tax rates for both an Albertan and Newfoundlander with the following incomes:
a. $20,000
b. $60,000
c. $ 100,000
d. $3,000,000
Table 3.7
Tax Rates and Taxable Income Brackets, 2014 Income Bracket, $ Income Bracket, $ Rate, % Rate, % Federal New Brunswick O-
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Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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