Don Works for OPG in a Management Position

question 64

Essay

Don works for OPG in a management position. Due to the economic turndown, provincial government has frozen management pays since 2009. In 2010, federal tax brackets and tax rates were as follows:
Using the above table and Table 3.3 in the book, compare his federal tax payed in 2010 versus that payed in 2012 on an annual compensation of $134 595.