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2023 TAXABLE INCOME TAX RATE FIRST $53,359 15.00% OVER $53,359 TO $106,717 20.50% OVER $106,717 TO $165,430 26.00% OVER $$165,430 TO $237,675 29.32% OVER $235,675
2023 TAXABLE INCOME TAX RATE FIRST $53,359 15.00% OVER $53,359 TO $106,717 20.50% OVER $106,717 TO $165,430 26.00% OVER $$165,430 TO $237,675 29.32% OVER $235,675 33.00% D) The average tax rate for someone making $120,000. Based on the Canadian Federal Income Tax Brackets for 2023 shown above, calculate and input the numeric answers to the questions below. Round off your answers to the nearest dollar. Do not use $, decimals or comma. For example, instead of $23,486.52, write 23487 . For answers requiring a tax rate, enter only the numeric value with two decimal places, with "%" symbol. For example, 20.50%)
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