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katieleex0x katieleex0x
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A year 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 $175 000, how much federal tax would be due from the portion of earnings taxed at the maximum rate of 33%?

▸ $8848

▸ $1817

▸ $0

▸ $57 750

▸ $38 725
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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edwardssheedwardsshe
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A year ago
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katieleex0x Author
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A year ago
Good timing, thanks!
kevin12323h
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
choih94
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2 hours ago
Brilliant ツ
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