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ikrabbe ikrabbe
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Posts: 324
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6 years ago
Using the 2016 federal income tax brackets and rates mentioned below in Figure 3.1, how much federal income tax should Anya report if her 2016 taxable income was $67 325?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
Federal tax for Anya = 15% × 45 282 + 20.5% × (67 325 - 45 282)
= 0.15(45 282) + 0.205(22 043)
= 6792.30 + 4518.82
= $11 315.12
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