Tax Rate 15. 0% 20.5% 26. 0% 29.0% 33. 0% 3 4 Federal Marginal Tax Rates 5 Income Within 6 Income Bracket the Brackect 7 $ 13, 229.00 $ 48, 535.00 8 $ 48, 535.00 $ 97,069.00 9 $ 97,069.00 $ 150, 473.00 10 $150, 473.00 $ 214, 368.00 11 $214, 368.00 12 Total Federal Tax 13 14 Provincial Marginal Tax Rates Income Within 16 Income Bracket the Brackect 17 $ 10, 949.00 $ 41, 725.00 18 $ 41, 725.00 $ 83, 451.00 19 $ 83, 451.00 $ 95, 812.00 20 $ 95, 812.00 $ 116, 344.00 $116, 344.00 $ 157, 748.00 22 $157, 748.00 $ 220,000.00 23 $220,000.00 24 Total provincial tax 15 Tax Rate 5.06% 7. 70% 10.50% 12.29% 14. 70% 16. 80% 20.50% 21 For Questions 8-12, please refer to the Excel Sheet labeled Personal Tax Problem: 2020. You are a resident of B.C. making an annual income of $140,000 What is the federal tax payable? Multiple Choice $32,296 $26.407 $20,396 $24,635 For Questions 8-12, please refer to the Excel Sheet labeled Personal Tax Problem: 2020. You are a resident of B.C. making an annual income of $140,000 What is the provincial tax payable? Multiple Choice $12,069 $13,632 O $15,341 $13,321 For Questions 8 - 12. please refer to the Excel Sheet labeled Personal Tax Problem: 2020. You are a resident of B.C. making an annual income of $140,000. What is the combined (federal plus provincial) marginal tax rate? Multiple Choice 26.0% 40.7% 14.7% 20.6% subm For Questions 8 - 12. please refer to the Excel Sheet labeled Personal Tax Problem: 2020. You are a resident of B.C. making an annual income of $140,000. What is the average tax rate? Multiple Choice 16.97% 35.25% 27.48% 25.36% For Questions 8-12, please refer to the Excel Sheet labeled Personal Tax Problem: 2020. You are a resident of B.C. making an annual income of $140,000. Lilly has a tax problem. She purchased 100 shares of Ez Corp stock at $10 a share two years ago. It is now trading at $17.00 a share and she wants to sell but she wants to understand the tax implications of doing so. Lilly currently makes $95,000 per year. How much FEDERAL capital gains tax will Lilly pay? Multiple Choice $62.95 $30.50 $42.80 $71.75