Taxes
Taxes in Ontario
What is 13%
What is a discount
what is a % taken away from the original price
what is the amount of interest is based solely on the principal amount
What is compound interest?
What is a calculation method where interest earned on an investment or loan is added to the principal amount, and then interest is calculated on the new, larger principal.
Money taken from tax payers when they work
What is income tax?
What is the tax on $100
What is $13
what would the $ amount be taken off if an item is $100 and there is a 10% discount
what is $10
True or false: Simple interest is best for investments
what is False. Compounding interest allows investors to build $ on to $
True or false. Compound interest in the borrowers interest when borrowing money.
What is false. Compound interest would be bad for borrowers but good for the lender.
Income before its been taxed
What is gross income
What is the tax on $129
what is $16.77
what would the $ amount be taken off if an item is $300 and there is a 30% discount
what is $90
What would be the interest accrued on $600 at 3%
what is $18
The formula for compound interest is
A= P(1 + r)t
Income after its been taxed
What is net income
What is the total after tax if an item costs $122?
what is $137.86
what would the total be if an item is $525 and is 20% off
what is $420
What would be the interest accrued on $100 at a rate of 2.5% ?
what is $2.50
What would be the compound interest accrued on $250 at 3% over 5 years total?
what is $289.82
Money that can be gained on investments or charged on late fees
What is interest
What are the 3 levels of government that our taxes go to?
what is municipal, provincial, and federal
what would the total be if an item is $1,050 and is 15% off
what is $892.50
What would be in the interest accrued on $900 at 3% over 10 years?
What would the accrued interest total be on $12,000 at a rate of 2.3% over 5 years?
what is $13,444
When money is withdrawn directly from your account when paying
what is debit