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5. Use the tax rate tables provided to answer the following questions (al How much tax [both Federal and Provincial) is someone paying (Ignoring deductions)

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5. Use the tax rate tables provided to answer the following questions (al How much tax [both Federal and Provincial) is someone paying (Ignoring deductions) in Manitoba on $76,000 annually? (4 marks) (b) How much tax [both Federal and Provincial) is someone paying (Ignoring deductions) in Quebec on $55,000 annually? (4 marks) (c) if someone is making $76,000 in Manitoba and moves to Quebec for a pay raise of $10,000 annually, by how much has their take home pay changed? (Ignore deductions) (7 marks) Income Tax Rate Tables! Federal Tax 2016 Taxable Income Tax Rate 15% on the first $45,916 of taxable income,+ 159% 20 5%% on the next $45,915 of taxable income (on the portion of taxable income over $45,916 up to $91,831), + 20 5% 26% on the next $50,522 of taxable income (on the portion of taxable Income over $91 831 up to $142 353], + 29%% on the next $60,447 of taxable income (on the portion of taxable income over $142,353 up to $202,800), + 33% of taxable income over $202,200. http:/www.cra arc.pc.ca/twindulls/fomixmis-eng.html Manitoba 2016 Taxable Income" Tax Rate 50 to $31,000 10.8% $31,001 to $67,000 12.75% over $67/000 17.4%6 http::fiveww.now.mo.callfinanced personal/pint. ptaxes.him! Quebec 2016 Taxable Income" Tax Rate $42 390 or less 16K More than $42,390, but not more than 20K $84,780 More than $84,780, but not more than 24% $103,150 http::/www.now.mo.ca/finance/personal/print,ptaxes.html

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