calculate the provincial taxes for a person earning $103,000 with a flat tax rate of 15%: provincial tax…

calculate the provincial taxes for a person earning $103,000 with a flat tax rate of 15%: provincial tax payable: $

calculate the provincial taxes for a person earning $103,000 with a flat tax rate of 15%: provincial tax payable: $

Answer

Explanation:

Step1: Identify the formula

Tax = Income × Tax rate

Step2: Substitute values

Income = 103000, Tax rate = 0.15 Tax = 103000×0.15

Step3: Calculate the result

103000×0.15 = 15450

Answer:

15450