Sachin has always lived in Quebec and is ready to file his 2023 personal income...

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Accounting

Sachin has always lived in Quebec and is ready to file his 2023 personal income tax returns. He feels that he is heavily taxed and has stated that he pays 50% of his earnings in taxes. You believe that this is an exaggeration and will help with his tax calculations below based on the information he has provided.
Information that Sachin has provided:
-Gross salary in 2022 $100,000
-Gross salary in 2023 $112,900
-Gross salary in 2024 $121,200
-Bonus in 2023 $17,000
-Sachin does not participate in a company pension plan
-Sachin always makes the maximum RRSP contribution each year on March 1st
-Sachin always makes the maximum TFSA contribution each year on March 1st
-Sachin has annual professional dues of $900 that he pays to the Barreau du Qubec (professional order of lawyers)
-Canadian eligible dividends of $1,000(gross-up rate is 38%)
-Sold 200 Shopify Inc. shares for $102/share in November 2023(bought 400 shares in Shopify when they were at $54/share)
-Had a capital loss of $2,000 from a previous year that he hoped to apply against his capital gain
a) In calculating Sachins 2023 personal income tax returns, what is his Total Income? b) In calculating Sachins 2023 personal income tax returns, what is his Taxable Income? d) What is Sachins average tax rate for 2023? e) What is Sachins marginal tax rate for 2023? f) What if Sachin earned a special performance award of $3,000 in 2023 what would be the taxes payable on this cash award?

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