Exam Exercise One - 3 (Federal And Provincial Taxes Payable)
Joan Smith has Taxable Income of $37,500.For the current year her federal tax rate is 15 percent, while the corresponding provincial rate is 8.2 percent.Determine Ms.Smith's combined federal and provincial tax payable, before consideration of any available credits against Tax Payable.

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The Answer of Exam Exercise One - 3 (Federal And Provincial Taxes Payable)
Joan Smith has Taxable Income of $37,500.For the current year her federal tax rate is 15 percent, while the corresponding provincial rate is 8.2 percent.Determine Ms.Smith's combined federal and provincial tax payable, before consideration of any available credits against Tax Payable.

Exam Exercise One - 3 (Federal and Provincial Taxes Payable)