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    blackstar1727's Avatar
    blackstar1727 Posts: 1, Reputation: 1
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    #1

    Mar 2, 2013, 09:47 AM
    Finance homework help
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    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.
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