In 2011, Canadian federal tax rates were 0% on the first $10,000 of gross income earned, 15% on the next $30,000, 20% on
Posted: Wed May 11, 2022 10:05 pm
In 2011, Canadian federal tax rates were 0% on the first $10,000 of gross income earned, 15% on the next $30,000, 20% on the next $40,000, 25% on the next $45,000, and 30% on anything more. If a taxpayer paid $12,000 in federal tax, what was her gross annual income for 2011?