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linv08 linv08
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2 years ago
The table below shows 2021 federal income-tax rates in Canada.

Taxable IncomeMarginal Tax Rate
$0 - $49 02015%
$49 021 - $98 040  20.5%
$98 041 - $151 97826%
$151 979 - $216 51129%
$216 512 and over33%

TABLE 18-1

Refer to Table 18-1. If an individual had a taxable income of $70 000, how much federal tax would be due?

▸ $11 654

▸ $10 500

▸ $4796

▸ $3509

▸ $14 350
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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kimtrankimtran
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2 years ago
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linv08 Author
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2 years ago
Thanks
megan.xo
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Yesterday
You make an excellent tutor!
ezsancheezy
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2 hours ago
Helped a lot
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