The Table Below Shows 2015 Federal Income-Tax Rates in Canada

question 18

Multiple Choice

The table below shows 2015 federal income-tax rates in Canada.
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 portion of earnings taxed at the maximum rate of 29%?

• A)$0
• B)$1817
• C)$8003
• D)$23 621
• E)$34 800

Recognize the value and applications of program evaluation in social reforms.

Understand how scientific research contributes to explanations and predictions in behavior.

Understand the concept and implications of price elasticity of demand.

Differentiate between short-run and long-run elasticity of supply.