Chapter 2 3) You are a financial manager for Shah Corporation. You samned taxable income of $311,000. Based on the following tax brackels, what is your average federal tax rate for year 2020? (5 Points) Federal Personal Income Tax Brackets and Tax Rates 2020 Taxable income Tax Rate First $48,535 150% Over 48,535 up to $97,069 20.5% Over $97069 up to $150,473 26.0% Over 150,473 up to $214,368 29.0% Over $214,368 33.0% Source: https://www.canada.ca/en/revenue-agency services/taxlindividuals/frequently asked questions: individuals/canadian-income tax rates-individuals-current-previous years.html