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QUESTION 6 2019 Marginal Tax Rates in BC Beginning of range End of range Tax at start of range Marginal rate to 12,000 0% 12,000
QUESTION 6 2019 Marginal Tax Rates in BC Beginning of range End of range Tax at start of range Marginal rate to 12,000 0% 12,000 to 20,000 15% 20,000 to 48,000 1,200 22% 48,000 to 95,000 7,360 30% 95,000 to 148,000 21,460 40% 148,000 to 210,000 42,660 45% 210,000 plus 70,560 50% Harry earned $36,000 gross annual income and has a $20,000 unused RRSP contribution room. He just received a $18,000 inheritance which he put the entire balance into his RRSP account. How much tax will he save? DO NOT input $, commas or decimals
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