How Choose From Your Canadian Tax Computer Program: Difference between revisions
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Latest revision as of 17:27, 1 September 2026
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What everyone knows as your 'income' tax has two tax brackets each having its own tax rate from 10% to 35% (2009). These rates are used in your taxable income which is income more your 'tax free' funds.
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I was paid $78,064, which transfer pricing I am taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) in a 401k, making my federal income taxable earnings $64,744.
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