Corinne Cathay, a BC resident, earned $96,000 in income last year. The applicable income tax...
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Corinne Cathay, a BC resident, earned $96,000 in income last year. The applicable income tax rates are shown below: British Columbia Tax Rates 5.06% 7.709 10.50% 12.29% 14.70% 16 80% Tax Brackets Up to $41,725 $41.726 to $83.451 $83,452 to $95,812 $95,813 to $116,344 $116,345 to $157,748 $157,749 and over Furthermore, she earned $5,000 in dividends. The Provincial Dividend Tax Credit is 8.00% of Grossed-up Dividends, and dividends are grossed up atorate of 38%. Choose... What is her average tax rate (not including the dividend earnings)? What is the amount of tax she will pay on her $5,000 dividend earnings? Choose... What marginal tax rate does Corinne pay? Choose
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