1. Catherine lives in Montreal and just graduated in December 2022 from Concordias Gina Cody School of Engineering. To save money for a house in two (2) years, she decided to take a great job opportunity on January 1, 2023, by working in a remote area in northern Quebec in engineering. Many of her expenses such as food and lodging are covered by her employer. She is making great money and earning a gross salary of $120,000. At the start of 2023, she put $6,500 in her Tax-Free Savings Account (TFSA) and is making regular Registered Retirement Savings Plan (RRSP) contributions of $1,000 per month (as she has previous years RRSP contribution room of $12,000). She paid her Quebec Engineering professional annual dues of $600 and is also paying her annual union dues of $450 as she is part of a labour union. The remainder of her pay is going to her chequing account, which she will eventually transfer into a savings account. What is Catherines marginal tax rate in 2023?
2. 36.12%
3. 41.12%
4. 45.71%
5. 47.46%
6. 50.23%

TABLE A

TABLE B

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a \% of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. For more information see Quebec dividend tax credits. Copyright (c) 2002-2023 Boat Harbour Investments Ltd. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Quebec Basic Personal Amount } \\ \hline 2023 Personal Amount & 2023 Tax Rate & 2022 Personal Amount & 2022 Tax Rate \\ \hline$17,183 & 14% & $16,143 & 15% \\ \hline \multicolumn{2}{|c|}{ Federal Basic Personal Amount } & \\ \hline 2023 Personal Amount (1) & 2023 Tax Rate & 2022 Personal Amount (1) & 2022 Tax Rate \\ \hline$15,000 & 15% & $14,398 & 15% \\ \hline \end{tabular}