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Mathematics, 22.12.2021 01:20 jogose6
Question no. 05: The Canada in 2019 had five federal income tax brackets, with rates of 15%, 20.5%, 26%, 29% and 33%. If you fall into the 33% bracket, that doesn't mean that the entirety of your taxable income will be subject to a 33% tax. Instead, 33% is your top marginal tax rate. FEDERAL TAX BRACKETS 2018 – 2019 Tax rate (%) $46,605 or less 15 $46,605 to $93,208 20.5 $93,208 to $144,489 26 $144,489 to $205,842 29 More than $205,842 33 a) Create a Mathematical Model that represents the aforementioned information to calculate the annual income tax. b) How much annual income tax you will have to pay if your monthly taxable income is $ 12,000.
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