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If Raymond earns $105 000 taxable income in 2021, how much federal income tax does he have to pay? Assume that the combined Federal and

If Raymond earns $105 000 taxable income in 2021, how much federal income tax does he have to pay?

Assume that the combined Federal and Provincial tax brackets and rates as: follows First $42 194 at 15%; From $42 185 up to $84,369 at 25%; Over $81 941 up to $96,866 at 29%? From 96,866 to $117,623, at 35%. Also, what is Raymond's average tax rate for federal tax?

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i Raymond earns $105 000 taxable income in 2021. how much federal income tax does he have to pay? Assume that the combined Federat and Provincial tax brackets and rates as follows First $42 194 at 15%: From $42 185 up to $84,369 at 25%. Over $81941 up to 598.866 at 2937 From 96.668 to 5117623, at 35%. Also, what is Raymond's average tax rate for federal tak? (8) (Disclose detail manual calculation steps and keep 2 decimal points in all calculations and answers)

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