Mr. X lives in Saskatchewan. In 2009, he had employment of $80,000 and dividend income of 5,000. What is his total tax liability? The applicable tax tables are as follows:
) Federal Rate Tax Bracket Provincial Rate Tax Bracket
15%
$0-$38,832
11%
On the first $40,113
22%
$38,832-$77,664
13%
On the next $74,497
26%
$77,664-$126,264
15%
Over $114,610
29%
Over $126,264

Question

Quizplus · Accepted Answer

Mr. X's total income is $85,000. His federal tax liability is $14,383 (15% on the first $38,832, 22% on the next $38,832). His provincial tax liability is $11,098 (11% on the first $40,113, 13% on the next $44,887). His total tax liability is $25,481.

Mr X Lives in Saskatchewan