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A Nova Scotia resident earned $20,000 in interest income and $10,000 in capital gains. Calculate...

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Question

Finance

A Nova Scotia resident earned $20,000 in interest income and $10,000 in capital gains. Calculate the total tax paid.

Provinces/Territories

Interest and Regular Income (%)

Capital Gains (%)

Eligible Dividends (%)

Non-eligible Dividends (%)

British Columbia

45.80

22.90

28.68

37.98

Alberta

39.00

19.50

19.29

29.36

Saskatchewan

44.00

22.00

24.81

34.91

Manitoba

46.40

23.20

32.27

40.77

Ontario

49.53

24.77

33.82

40.13

Quebec

49.97

24.99

35.22

39.79

New Brunswick

46.84

23.42

27.35

36.02

Nova Scotia

50.00

25.00

36.06

39.07

Prince Edward Island

47.37

23.69

28.71

38.74

Newfoundland and Labrador

42.30

21.15

30.20

32.08

Group of answer choices

$13,000

$14,000

$14,500

$13,500

$12,500

Answer & Explanation Solved by verified expert
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