Log in

View Full Version : Finance homework help


blackstar1727
Mar 2, 2013, 09:47 AM
If you have a salary of $38 000, medical expenses of $1600, and an RRSP contribution of $4000 and the federal tax rate is 15 percent, what federal tax will you pay?
A) $4860
B) $5700
C) $5013
D) $5460

AtlantaTaxExpert
Mar 2, 2013, 10:50 AM
First, the reference to RRSP indicates this is a Canada tax issue, and this forum deals exclusively with U.S. taxes.

Second, we are specifically prohibited from answering homework questions, as that defeats the purpose of the homework.