Question

Which country uses tax brackets as part of its tax system? a) Canada b) Australia c) South Africa d) All of the above

Answer 1

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.

Answer 2

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.