1. Cash flow from assets is comprised of:

Multiple Choice

• Operating cash flow and capital spending.

• Operating cash flow, capital spending, and additions to net working capital.

• Operating cash flow and investing cash flow.

• Operating cash flow, investing cash flow and financing cash flow.

• Operating cash flow and addition to working capital.

2.

Given the following tax rates, Calculate the marginal tax rate on a British Columbia resident earning $40,000 in interest income. The resident is in the highest federal and provincial rate brackets. Federal British Columbia Tax Rates 15.00% 22.00 26.00 29.00 5.06% 7.70 10.50 12.29 14.70 16.80 Tax Brackets Up to $43,953 43,954-87,907 87,908-136,270 136,271 and over Up to $37,606 37,607-75,213 75,214-86,354 86,355-104,858 104,859-150,000 150,001 and over