Calculate federal and provincial tax payable

Assignment Help Financial Accounting
Reference no: EM132694076

Problem 1: During 2019, Joan Matel is a resident of Ontario and has calculated her Taxable Income to be $56,700. Assume that Ontario's rates are 5.05 percent on Taxable Income up to $47,630 and 9.15 percent on the next $47,629. Calculate her 2019 federal and provincial Tax Payable before consideration of credits, and her average rate of tax.

Reference no: EM132694076

Questions Cloud

What herbicide would bind to a protein : What herbicide would bind to a protein and cause it to strip electrons from water and generate superoxide radicals.
Explain what rapid instructional design involves : Explain what Rapid Instructional Design (RID) involves, and why it is becoming increasingly used in the training environment. The response must be typed.
What is the scope of biotechnology in pakistan : What is the scope of biotechnology in pakistan please explain.
Why is the eastern hemlock important : Why is the eastern hemlock important, and what are the potential long-term effects if the woolly adelgid goes untreated?
Calculate federal and provincial tax payable : Joan Matel is a resident of Ontario, Calculate her 2019 federal and provincial Tax Payable before consideration of credits, and her average rate of tax.
Compose a chemical equation describing respiration : Can someone please help me with these questions?
When changing the basic eps to the fully diluted eps : When changing the basic EPS to the fully diluted EPS for convertible preferred stock? subtract preferred stock dividends in the numerator
What are the benefits of an electronic medical record : What are the benefits of an electronic medical record (EMR) for a patient who is unconscious?
How do you access the role of human resource management : How do you access the role of human resource management in executing rest of business operating functions in an organization? Illustrate with relevant examples.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Reporting entity incorporate restrictions on sale

When should a reporting entity incorporate restrictions on sale when determining fair value?

  What is the amount of total income recognized

What is the amount of total income recognized in the 2014 income statement solely as a result of these bonds?

  Basic cost flows-raw materials used

BMV Automotive Manufacturers had the following information available for the month of January related to their current production of sports cars: During the month of January, BMV purchased $140,000 of raw materials. How much raw material was used in ..

  Find which does not represent interaction the ppbe process

Find Which does not represent interaction between the PPBE process and the defence acquisition system? determining the affordability of an acquisition program

  Do you agree that the excess unit cost is not of concern

Compute the following variances for May. How much of the $0.08 excess unit cost is traceable to each of the variances computed in (1) above. How much of the $0.08 excess unit cost is traceable to apparent inefficient use of labor time? Do you agree t..

  Calculate the overhead rate for each activity center

Calculate the overhead rate for each activity center based on the activity-based costing techniques.- Determine the total cost to produce one unit of each product.

  Business combinations provides principles for allocating

business combinations provides principles for allocating the fair value of a acquired business. when the collective

  Determine what is the firm net working capital

A firm has 10.000 TL in inventories, a current ratio equal to 1.2, and a quick ratio equal to 1.1 What is the firm's Net Working Capital?

  Developing research questions

The purpose of this assignment is to guide you through the process of developing a sound research question. Your answers to the following exercises should be typewritten and handed in at the beginning of class on Wednesday, April 20.

  Prepare the journal entry

On April 1, 2014, West Company purchased $420,000 of 5.00% bonds for $436,550 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1, 2019.

  What the interest capitalized was

What The interest capitalized for 2016 was? On January 2, 2016, Indian River Groves began construction of a new citrus processing plant.

  What are the duration of the assets portfolio

Using the repricing gap model, what will ABC Bank's net interest income be for a 2 percent increase in interest rates (maturity bucket = 1 year)?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd