Which country uses tax brackets as part of its tax system? a) Canada b) Australia c) South Africa d) All of the above
The tax to be paid by an individual is dependent on factors like the number of children, the status or the identity of the person and his/her work. Canada applies tax brackets to the different types of individuals in the country.The brackets are:
15% on the first $43,953 of taxable income
22% on the next $43,954 of taxable income (over $43,953 up to $87,907)
+26% on the next $48,363 of taxable income (over $87,907 up to $136,270) and
+29% of taxable income over $136,270.
Answer:
D) All of the above.
Explanation:
Tax brackets is a type of income tax rate that within a progressive tax system. As an individual´s tax income grows, so does the income taxes.
All of the countries listed in question uses tax brackets as part of its tax system.
I hope this answer helps you.