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1. Johny has an income of 160000 , What would be his marginal tax rate based on the tax structure ? COMBINED INCOME TAX RATE

1. Johny has an income of 160000 , What would be his marginal tax rate based on the tax structure ?

COMBINED INCOME TAX RATE (2019) ALBERTA first $47,630 25.00% over $47,630 up to $95,259 30.50% over $95,259 up to $131,220 36.00% over $131,220 up to $147,667 38.00% over $147,667 up to $157,464 41.00% over $157,464 up to $209,952 42.00% over $209,952 up to $210,371 43.00% over $210,371 up to $314,928 47.00% over $314,928 48.00%

options:

31.69%

42%

25%

41%

2. Johny has an income of 160000 , What would be his average tax rate based on the tax structure ?

COMBINED INCOME TAX RATE (2019) ALBERTA first $47,630 25.00% over $47,630 up to $95,259 30.50% over $95,259 up to $131,220 36.00% over $131,220 up to $147,667 38.00% over $147,667 up to $157,464 41.00% over $157,464 up to $209,952 42.00% over $209,952 up to $210,371 43.00% over $210,371 up to $314,928 47.00% over $314,928 48.00%

options:

31.69%

41%

42%

25%

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