Question $53(1$ point$)$

What is the combined federal and provincial tax rate that would be used to calculate taxes on a death benefit payment of $$16,000$ to the estate of an employee in Ontario?

$10\%$

$16\%$

$20\%$

$30\%$

Question $54(1$ point$)$

Li works for a company in Ontario and earns a biweekly salary of $$2,340\mathrm{.}00.$ She will be terminated at the end of this pay period after $7$ years of employment. Calculate the total amount of severance pay that will be required.

$$

Question $55(1$ point$)$

Mitsuki was hired in August $1982$ and her employment is being terminated in July, current year. She was paid a retiring allowance of $$41,580\mathrm{.}00.$ On termination, Mitsuki was fully vested in the company's pension plan that she joined in $1986.$ Calculate the non$-$eligible portion of the retiring allowance.