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  3. please help me! . don draper earns $100000 from wo

please help me! . Don Draper earns $100000 from work and $10000 from investments. He...

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Accounting

please help me!

. Don Draper earns $100000 from work and $10000 from investments. He is eligible for a deduction of $8000 and a non-refundable provincial credit of $300 from charitable donations.

. Assume the federal tax brackets are 15% up to $50000 and 25% above that. (only 2 brackets)

. The provincial brackets are 5% up to $50000 and 15% above that. (only 2 brackets)

. There is a health care levy of $900 for people with income above $80000.

. If Don has no tax withheld by his employer, what is his tax balance/refund?

please use these:

  1. o% up to $144oo
  2. 15% 14401 uo to 50,197
  3. 20.5% 50,198 up to 100,392
  4. 26% 100,393 uo to 155,625
  5. 29% 155,626 up tp 221,708
  6. 33% 221,709 and over

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