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MrX Lives in Saskatchewan A)$20,774
B)$24,274
C)$26,100
D)$28,050

Question 75

Multiple Choice

Mr.X lives in Saskatchewan.In 2011,he had employment income of $80,000 and income from capital gains of $10,000.What is his total tax liability? The applicable tax tables are as follows:?
Federal RateFed.15%Fed.22%Fed.26%Fed.29%Tax Bracket$0$41,544$41,544$83,088$83,088$128,800Over $128,800Provincial RateSask. 11% Sask.13% Sask. 15% Tax Bracket$0$40,919$40.919$116,911 Over $116,911\begin{array}{c}\begin{array}{lll}\text {Federal Rate}\\Fed. 15\%\\Fed. 22\%\\Fed. 26\%\\Fed. 29\%\\\end{array}\begin{array}{lll}\text {Tax Bracket}\\\$ 0-\$ 41,544\\\$ 41,544-\$ 83,088 \\\$ 83,088-\$ 128,800\\\text {Over }\$ 128,800\\\end{array}\begin{array}{lll}\text {Provincial Rate}\\\text {Sask. }11\%\\\text { Sask.}13 \%\\\text { Sask. }15 \%\\\\\end{array}\begin{array}{lll}\text { Tax Bracket}\\\$ 0-\$ 40,919\\ \$ 40.919-\$ 116,911 \\\text { Over }\$ 116,911 \\\\\end{array}\end{array}


A) $20,774
B) $24,274
C) $26,100
D) $28,050

Correct Answer:

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