You've just graduated and managed to find great job here in Alberta with a starting salary of $148.000.(lucky you !) you are eligible for deductions of $5,000 and you have unused tuition tax credits of $2.000 you plan to use this year in addition to your basic personal amount of $4.008. use the 2021 tax schedules from your notes in answer the following questions.

1. What is your combined (federal and provincial)marginal tax rate?

A)32.5% B)25% C)30.5% D)24% E)38%

2. How much will you owe in personal income tax, rounded to the nearest whole number?

A)$37,016 B)$56.240 C)$35,147 D)$41,155 E)$37.852

What is your average tax rate?

A)25% B)32.5% C)24% D)30.5% E)26%