Using the income tax table below, what is the deduction with taxable income of $1016.50 and claim code 8?

Using the income tax table below, what is the deduction with taxable income of $1016.50 and claim code 8?

John’s taxable income in 2022 was $80,000 and his tax was $15000. What is his effective income tax?Group of answer choices5.33%15.87%18.75%53.33%

A favorable temporary book–tax difference is so named because it causes taxable income to decrease relative to book income in the current year.

If Theresa paid $5,000 in taxes last year on taxable income of $50,000, her effective tax rate wasGroup of answer choices0.1%10%20%1000%

A resident company (not a base rate entity) has taxable income of $18,000. The tax it will pay will be:Group of answer choices$Nil$3,100$5,400$5,850