QUESTION 1 Given the following information The federal marginal tax rate is 15% on the first $48 535 of taxable income, 20.5% on the next $48 534 of taxable income, 26% on the next $53 404 of taxable income, 29% on the next $63 895 of taxable income, and 33% on taxable income over $214 368. Bob earns $94 000 of income in 2020. What is his marginal tax rate? QUESTION 2 Given the following information The federal marginal tax rate is 15% on the first $48 535 of taxable income, 20.5% on the next $48 534 of taxable income, 26% on the next $53 404 of taxable income, 29% on the next $63 895 of taxable income, and 33% on taxable income over $214 368. What is Bob's average tax rate if he pays $17 000 in federal taxes on $94 000 taxable income? QUESTION 3 Janet received a scholarship in the amount of $15 000 to study at a Canadian university. The scholarship is taxable O True O False QUESTION 4 Alina withdrew $10 000 from an RESP her family created for her. She used the proceeds to pay her post secondary tuition. $7 500 of the money withdrawn was capital. If Alinas marginal tax rate is 15% how much tax will she pay on the withdrawn money