A 62-year-old retired employee supported themselves and their 61-year-old spouse on their pension and investment income They received a registered pension plan C RPP) pension of $39,000, $5,000 in interest income and $4,000 in dividends from a Canadian controlled private company ( CCPC) that claimed the small business deduction (SBD) on all its income. What would be their total federal tax in 2021?

A 62-year-old retired employee supported themselves and their 61-year-old spouse on their pension and investment income They received a registered pension plan C RPP) pension of $39,000, $5,000 in interest income and $4,000 in dividends from a Canadian controlled private company ( CCPC) that claimed the small business deduction (SBD) on all its income. What would be their total federal tax in 2021?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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