2019 tax payable
Max finished his PhD and graduated from university in December 2018. He entered the workforce on January 1, 2019 with a gross salary of $85,000 plus an immediate $5,000 signing bonus when he started with his new employer, XYZ Inc. As a resident of Quebec, calculate his combined 2019 taxes payable. ( Ignore Non-Refundable Tax Credits, Quebec Abatement and any employer withholdings)
Marginal tax rate for $90,000 is 41.12% and for $85,000 is 37.12%.
Shouldn't I just do this? $90,000 x 41.12% = $37008
But the answer I got isn't in the muiltiple choices. the nearest to the above is $31,291.