Answer to Question #142111 in Other for Angelina Duhanaj

Question

You have an income of $128,355 from all your soucres. Your accountant has told you to get all your taxable income to the next lowest tax bracket. Determine why ML your taxable income must be and use the following options to find a way to achieve this: Basic personal amount of $13,329 giving as a deduction by the government

Answer 1

I can only see $128,355 as total income and $13,329 as the deductions

Taxable income = total income - deductions

Taxable income = $128,355 - $13,329

= $115,026