2021 Taxable Income 2021 Combined Marginal Tax Rate $0 to $42,184 20.06% $42,184...
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Accounting
2021 Taxable Income
2021 Combined Marginal Tax Rate
$0 to $42,184
20.06%
$42,184 to $49,020
22.70%
$49,020 to $84,369
28.20%
$84,369 to $96,866
31.00%
$96,866 to $98,040
32.79%
$98,040 to $117,623
38.29%
$117,623 to $151,978
40.70%
$151,978 to $159,483
44.02%
$159,483 to $216,511
46.12%
$216,511 to 222,420
49.80%
$222,420 +
53.50%
Robert Jones lives and works in Vancouver. His earned an annual income of $84,000 in year 2021. He bought 7,000 Bees shares for $7.15 per share in January 2021. In October 2021, he sold all of his shares for $9.11 per share. In December 2021, he bought 15,500 more Bees shares for $8.22 per share and sold them for $10.55 per share in the next month.
Calculate his total income tax payable and payroll deductions for 2021.
Select one: a. $23,419 b. $23,610 c. $25,561 d. $19,363
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