please help me! . Don Draper earns $100000 from work and $10000 from investments. He...
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please help me!
. Don Draper earns $100000 from work and $10000 from investments. He is eligible for a deduction of $8000 and a non-refundable provincial credit of $300 from charitable donations.
. Assume the federal tax brackets are 15% up to $50000 and 25% above that. (only 2 brackets)
. The provincial brackets are 5% up to $50000 and 15% above that. (only 2 brackets)
. There is a health care levy of $900 for people with income above $80000.
. If Don has no tax withheld by his employer, what is his tax balance/refund?
please use these:
o% up to $144oo
15% 14401 uo to 50,197
20.5% 50,198 up to 100,392
26% 100,393 uo to 155,625
29% 155,626 up tp 221,708
33% 221,709 and over
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