New

Learn smart - Learn online. Upto 88% off on courses for a limited time. View Courses

Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader
Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

Stuck on Your Question?

Get 24x7 live help from our Top Tutors. All subjects covered.

loader
250 words

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Students Who Viewed This Also Studied

6 Pages
BSB51415 Diploma of Project Management

Question: This is an individual task. Students will be required to create a project plan (PMP) that involves, but not limited to, analysis of a real project, either current or recently completed proj ...

Course

BSB51415

Type

Assignment

Subject

Economics

University

Central Queensland University

6 Pages
HI5003 Economics for Business

Question: You are a group of advisors to the Management Board in your company with Headquarters in Australia. As advisors you are first, required to conduct research on your selected sector/industry ...

Course

HI5003

Type

Home Work

Subject

Economics

University

Holmes Institute

20 Pages
Solar energy storage

Solar energy storage manufacturers want lower GST levy on batteries - Seek classification under 5% slab Twesh Mishra New Delhi, July 10: Solar energy storage manufacturers have sought lowering the Goo ...

Type

Assignment

Subject

Economics

9 Pages
ECON101 Principles of Microeconomics

Topic When paying your taxes isn't enough Article Link Is Below: https://www.wgbh.org/news/national-news/2018/11/03/voters-may-tax-tech-companies-to-fight-homelessness   Research outside the ...

Course

ECON101

Type

Essay

Subject

Economics

University

Saylor Academy

ECON353 Economic

Question

Answered

Consider a Canadian family of six – two adults and four children (all under 16). There are two wage earners in the family – the husband’s income is $46,000 and the wife’s income is $13,000. Also assume that only federal personal income taxes are paid (that is, ignore provincial taxes) and use 2019 brackets and rates.
(a) If the husband’s income increases by $8,000, by how much does his PIT liability increase?
(b) If we consider the same income increase as in (a) but look at the payroll taxes – CPP and EI. Given that the employee’s share of CPP is 5.1% and of EI is 1.62%, by how much does his payroll tax liability increase? The individual income limit for CPP is $57,400 and for EI is $53,100. Also calculate the changes in the CPP and EI tax credits due to this payroll tax liability increase.

ECON353 Economic

Answer in Detail

Solved by qualified expert

Get Access to This Answer

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

3 More Pages to Come in This Document. Get access to the complete answer.

With a pool of 3000+ homework helper, MyAssignmenthelp.com has been successfully providing homework help services for over a decade now. We have become the best homework solver online with years of experience in academic writing. Our experts have played a vital role behind our overwhelming success. Their knowledge and commitment to provide high quality homework assistance has gained us the status of best homework help provider in this industry. Our services have satisfied the needs of many students so far who often search can someone write my homework online.

More ECON353 ECON353 Economic : Questions & Answers

Q
icon

We aren't endorsed by this University

BSB51415 Diploma of Project Management

Question: This is an individual task. Students will be required to create a project plan (PMP) that involves, but not limited to, analysis of a real project, either current or recently completed project in a domain that they are interested in from a work situation or from their personal life. The p ...

View Answer
Q
icon

We aren't endorsed by this University

HI5003 Economics for Business

Question: You are a group of advisors to the Management Board in your company with Headquarters in Australia. As advisors you are first, required to conduct research on your selected sector/industry covering the previous 5-10 years. Second, you are required to present a company strategy to your Man ...

View Answer
Q

Solar energy storage

Solar energy storage manufacturers want lower GST levy on batteries - Seek classification under 5% slab Twesh Mishra New Delhi, July 10: Solar energy storage manufacturers have sought lowering the Goods and Services Tax levy on batteries. In a letter to Minister of State (Independent Charge) for Pow ...

View Answer
Q
icon

We aren't endorsed by this University

ECON101 Principles of Microeconomics

Topic When paying your taxes isn't enough Article Link Is Below: https://www.wgbh.org/news/national-news/2018/11/03/voters-may-tax-tech-companies-to-fight-homelessness   Research outside the textbook is required for each forum. Each thread must contain two cited references in current APA f ...

View Answer

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

Choose Our Best Expert to Help You

icon

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?