Which country uses tax brackets as part of its tax system? a) Canada b) Australia c) South Africa d) All of the above

Question

Social Studies

Kian Nicholson

21 December, 04:51

Which country uses tax brackets as part of its tax system? a) Canada b) Australia c) South Africa d) All of the above

+5

Answers (1)

Know the Answer?

Browning · Answer 1

The tax to be paid by an individual is dependent on factors like the number of children, the status or the identity of the person and his/her work. Canada applies tax brackets to the different types of individuals in the country. The brackets are:

15% on the first $43,953 of taxable income

22% on the next $43,954 of taxable income (over $43,953 up to $87,907)

+26% on the next $48,363 of taxable income (over $87,907 up to $136,270) and

+ 29% of taxable income over $136,270.