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The Table Below Shows 2009 Federal Income- Tax Rates in Canada

Question 80

Multiple Choice

The table below shows 2009 federal income- tax rates in Canada.  Taxable Income  Mar ginal Tax Rate $0$4072615 percent $40727$8145222 percent $81453$12626426 percent $126265 and over 29 percent \begin{array}{|l|l|}\hline \text { Taxable Income } & \text { Mar ginal Tax Rate } \\\hline \$ 0-\$ 40726 & 15 \text { percent } \\\hline \$ 40727-\$ 81452 & 22 \text { percent } \\\hline \$ 81453-\$ 126264 & 26 \text { percent } \\\hline \$ 126265 \text { and over } & 29 \text { percent } \\\hline\end{array}
 TABLE 18- 1\text { TABLE 18- } 1
-Refer to Table 18- 1. If an individual had a taxable income of $120 000, how much federal tax would be due from the earnings taxed at the rate of 22 percent?


A) $1629
B) $5639
C) $8960
D) $17 919
E) $34 800

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