Johanna resides in Saskatchewan and has taxable income of $85,000 for the current year. Determine her tax payable.
Johanna resides in Saskatchewan and has taxable income of $85,000 for the current year. Determine her tax payable.
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 5BCRQ
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Question
Johanna resides in Saskatchewan and has taxable income of $85,000 for the current year. Determine her tax payable.
Federal Tax rate – 15%
Saskatchewan Provincial Tax Rate
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10.5% on the portion of your taxable income that is $46,773 or less, plus |
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12.5% on the portion of your taxable income that is more than $46,773 but not more than $133,638 plus |
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14.5% on the portion of your taxable income that is more than $133,638. |
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