Troy graduated in civil engineering from Concordia two years ago and decided to work in the remote area of northern Quebec. He is making great money andsaving it all. What is Troy's average rate of tax if in 2021 he paid taxes of $58,232.74 on his gross income earned of $135,000? (ignore Non-Refundable TaxCredits, Quebec Abatement, and any employer withholdings)A43.14%В38.09%49.97%D33.29%29.35%

On the income earnings there are taxes to be paid and these depends on the average tax rate.

Answered: ts, Quebec Abatement, and any 43.14%…

Business

Accounting

ts, Quebec Abatement, and any 43.14% 38.09% 49.97% 33.29% 29.35%

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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Question

Troy graduated in civil engineering from Concordia two years ago and decided to work in the remote area of northern Quebec. He is making great money and
saving it all. What is Troy's average rate of tax if in 2021 he paid taxes of $58,232.74 on his gross income earned of $135,000? (ignore Non-Refundable Tax
Credits, Quebec Abatement, and any employer withholdings)
A
43.14%
В
38.09%
49.97%
D
33.29%
29.35%

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