Biology Forums - Study Force

The table below shows 2021 federal income-tax rates in Canada.

Taxable Income	Marginal Tax Rate
$0 - $49 020	15%
$49 021 - $98 040	20.5%
$98 041 - $151 978	26%
$151 979 - $216 511	29%
$216 512 and over	33%

TABLE 18-1

Refer to Table 18-1. If an individual had a taxable income of $175 000, how much federal tax would be due from the portion of earnings taxed at the maximum rate of 33%?

▸ $8848

▸ $1817

▸ $0

▸ $57 750

▸ $38 725

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