In 2014,approximately How Much Did the Average Canadian Pay to the Federal

question 130

Multiple Choice

In 2014,approximately how much did the average Canadian pay to the federal government

• A)$3000
• B)$5600
• C)$6500
• D)$7600

---

Definitions:

Standard Deduction

A fixed dollar amount that reduces the income on which you are taxed, varying by filing status and adjusted annually for inflation.

Dependent

A person who relies on another, especially a family member, for financial support and qualifies for potential tax benefits.

Part-Time Job

Employment with fewer hours per week than a full-time job, often offering limited benefits and lower wages.

Interest Income

Income earned from deposit accounts, investments, or loans, often subject to taxation at ordinary income tax rates.