Avas A.

asked • 02/17/20

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.

1 Expert Answer

By:

Moronke O. answered • 02/17/20

Academic Writer and researcher

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