ACC 742 Lecture Notes - Lecture 11: 6 Years
20 Apr 2016
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Acc 742 winter 2014 week 11 lecture notes, j. farrar (we will do these at the beginning of lecture) Question 1: in 2013, gunvar has employment income of ,000. How much will he save in federal taxes if he deducts ,400 for an rrsp contribution: how much more in federal taxes would gunvar have recovered if he deducted the. In 2013, bambi earns business income of ,000. Mario sells his ccpc shares for million. You graduate, and are offered a job, starting jan 1/2013, at one of the big four , which will pay you an annual salary of ,100 and require you to work 130 hours per week. Cpp and ei deductions will be ,356 and , respectively. The basic personal amount in ontario in 2013 is ,574. Ontario has no tax credits for employment or cpp & ei. ,055 and over ,580 + 29% on excess. ,001 and over ,579 + 13. 16% on excess1.
