Saleena was hired and agreed to a $48.50 per hour compensation, for a regular 44 hour work week. Calculate her net earnings for the year. (10 marks) Federal Tax Brackets In Canada 2022 Federal Tax Rate 15% 20.5% 26% 29% 33% Income Level Ontario On income $50,197 and below. On the next portion of income between $50,197 to $100,392 On the next portion of income between $100,392 to $155,625 On the next portion of income between $155,625 to $221,708 On the next portion of income after $221,708 The following Provincial Tax Rates for Ontario apply for 2022: - 5.05% applicable to the first $46,226 of taxable income - 9.15% applicable to the next $92,454 of taxable income 11.16% applicable to the next $150,000 of taxable income - 12.16% applicable to the next $220,000 of taxable income - 13.16% applicable to taxable income amounts over $220,000 001

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To calculate Saleenas net earnings for the year we need to consider her annual earnings based on her ... View the full answer