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Calculate the amount of income taxes one would pay using the rough estimate approach as discussed in class. The salaries to be used are

 

Calculate the amount of income taxes one would pay using the "rough estimate" approach as discussed in class. The salaries to be used are as follows: $10,000, $20,000, $60,000, $140,000, $330,000.00 Ontario: 5.05% on the first $45,142 of taxable income. 9.15% on portion of taxable income over $45,142 up-to $90,287. 11.16% on portion of taxable income over $90,287 up-to $150,000. Ontario HST 13%

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