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How much would adam save in federal income tax in canada

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Reference no: EM132806916

Problem 1: Adam has a taxable income of $70,000, approximately how much would Adam save in federal income tax in Canada by making a $4000 RRSP contribution and deducting it on his income?

a) $600

b) $820

c) $1040

d) $1160

Reference no: EM132806916

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