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Use the the marginal tax information in the table below to calculate the after tax monthly income Kelly should expect from her retirement income. Kelly

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Use the the marginal tax information in the table below to calculate the after tax monthly income Kelly should expect from her retirement income. Kelly expects $13,890 annually from CPP, $7,470 annually from OAS, and $123,000 from her RRIF. Assume that her OAS will be clawed back on any income above $76,000. Simplified Marginal Tax Table Beginning of range End of range Tax at start of Marginal rate range to 0% to 15% to 22% to 12,000 20,000 48,000 95,000 148,000 210,000 above 12,000 20,000 48,000 95,000 148,000 210,000 30% to 1,200 7,360 21,460 42,660 70,560 40% to 45% + 50% Use the the marginal tax information in the table below to calculate the after tax monthly income Kelly should expect from her retirement income. Kelly expects $13,890 annually from CPP, $7,470 annually from OAS, and $123,000 from her RRIF. Assume that her OAS will be clawed back on any income above $76,000. Simplified Marginal Tax Table Beginning of range End of range Tax at start of Marginal rate range to 0% to 15% to 22% to 12,000 20,000 48,000 95,000 148,000 210,000 above 12,000 20,000 48,000 95,000 148,000 210,000 30% to 1,200 7,360 21,460 42,660 70,560 40% to 45% + 50%

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