Mary has an 85769 adjusted gross income and 10000 of

Assignment Help Econometrics

Reference no: EM13379867

Mary has an $85,769 adjusted gross income and $10,000 of non-refundable tax credits. She is a resident of Manitoba. Use the 2008 tax rates.

In solving the problem,when your taxable income lies exactly on the border of the 22% bracket ( so that adding one dollar takes it to the beginning of the net bracket), choose the next bracket i.e. 26% as the marginal rate for your federal tax, then also add the marginal rate from the last bracket of the provincial tax in order to get the overall marginal tax rate.
page1image4976

1 Calculate the total tax payable

2 Calculate the average tax rate

3 Calculate the marginal tax rate

Reference no: EM13379867

Questions Cloud

Online educators oe a not-for-profit firm exempt from taxes : online educators oe a not-for-profit firm exempt from taxes is considering replacement of some electronic equipment

Autie frannie wants to help pay for her twin nephews to : autie frannie wants to help pay for her twin nephews to attend a private school. she intends to send a cheque for 2000

A company is considering replacing a painting machine : a company is considering replacing a painting machine purchased 9 years ago for 700000. it has a market value today of

Theres quite a bit to be said about face-to-face : theres quite a bit to be said about face-to-face interviewing for sure. but theres also some drawbacks and you named

Mary has an 85769 adjusted gross income and 10000 of : mary has an 85769 adjusted gross income and 10000 of non-refundable tax credits. she is a resident of manitoba. use the

Review the given papercurrent macroeconomics situationit : review the given papercurrent macroeconomics situationit seems apparent that the current macroeconomics situation in

Your son is graduating from high school and is about to : your son is graduating from high school and is about to enter the work force. he has developed a strong curiosity

1the table below shows the probability that a mother in a : 1.the table below shows the probability that a mother in a given part of the income distribution given by the row will

S90 116 1991 105 1992 : sales 1990 116 1991 105 1992 29 1993 59 1994 1081995

User Account

All Pages